Currency reserves of Azerbaijan's Central Bank increase

5 December 2019 13:59 (UTC+04:00)

By  Trend

As of Nov. 30, 2019, currency reserves of the Central Bank of Azerbaijan (CBA) have increased by $69 million, compared to the figure at the end of October 2019, Trend reports referring to the bank’s statistical data.

The reserves increased from $6.114 to $6.183 billion.

Since the beginning of the year, the CBA's currency reserves have grown by 9.9 percent, from $5.6 billion. On an annualized basis, the growth in currency reserves amounted to 10.4 percent.

The money supply at the end of November 2019 amounted to over 10.6 billion manat ($6.2 billion), which is 22.5 percent more than in 2018. On an annualized basis, the growth in the money supply amounted to 25.4 percent.

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