Monetary base in Azerbaijan increases
The monetary base in Azerbaijan as of November 2022 amounted to 16.7 billion manat ($9.8 billion), which is higher by 17.01 percent or 2.426 billion manat ($1.43 billion) compared to the previous month, Trend reports via Central Bank of Azerbaijan.
The monetary base in November 2021 amounted to more than 14.2 billion manat ($8.3 billion).
The monetary base includes cash, free and obligatory reserves of commercial banks that are in circulation.
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