BAKU, Azerbaijan, May 24. The volume of paper and metal currency in circulation in Azerbaijan amounted to 17.4 billion manat ($10.2 billion) as of December 31, 2024.
The data obtained by Trend from the Central Bank of Azerbaijan shows that this figure increased by 131 million manat ($77 million) or 24.3 percent compared to the same period in 2023 (17.3 billion manat or $10.18 million).
The Central Bank (previously known as the National Bank) was founded in the Republic of Azerbaijan by a decree from the President on the 'Establishment of the National Bank in the Republic of Azerbaijan' dated 11 February 1992. A legal framework enables the Central Bank to more effectively fulfill its objectives and functions across all operational domains, delineating its primary responsibilities: formulating and executing monetary and exchange rate policy, overseeing currency circulation, regulating and advancing centralized interbank and other licensed payment systems, and managing gold and foreign exchange reserves.
