BAKU, Azerbaijan, July 3. Azerbaijan's monetary base increased as of July 1, 2023, Trend reports.
This figure amounted to 18.1 billion manat ($10.6 billion), up to 2.7 billion manat ($1.59 billion) or 17.56 percent on annual basis.
According to the Central Bank of Azerbaijan (CBA), as of July 1, 2022, the country's monetary base equaled 15.65 million manat ($9.2 million).
In addition, as of early July this year, monetary base of Azerbaijan grew by 1.05 million manat ($620,000) or 6.06 percent in monthly terms.
The monetary base includes cash and free bank and required reserves of commercial banks in circulation.