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Monetary base in Azerbaijan increases

Finance Materials 4 October 2022 15:28 (UTC +04:00)
Monetary base in Azerbaijan increases
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, October 4. The monetary base in Azerbaijan amounted to 16.1 billion manat ($9.4 billion), which is higher by 11.35 percent or 1.64 million manat ($964.7 million) compared to previous month as of September 2022, Trend reports via Central Bank of Azerbaijan.

The monetary base in September 2021 amounted to 14.4 billion manat ($8.4 billion).

The monetary base includes cash, free and obligatory reserves of commercial banks that are in circulation.

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