Azerbaijan's monetary base up
By Trend
The monetary base in Azerbaijan grew on annual basis as of February 28, 2022, Trend reports citing the Central Bank of the country (CBA).
According to the CBA, this indicator amounted to slightly over 13.9 billion manat ($8.1 billion), which is 1.08 billion manat ($640 million), or 8.4 percent more compared to February 28 of last year (12.8 billion manat or $7.5 billion).
At the same time, the monetary base declined by 99 million manat ($58.2 million) or 0.8 percent since January 1, 2022.
The monetary base includes cash and free banking and required reserves of commercial banks in circulation.
(1 USD = 1.7 AZN on Mar. 1)
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!