Baku, Azerbaijan, Jan. 13
By Emin Aliyev - Trend:
The monetary base in Azerbaijan demonstrated a steady growth in January-November.
2013 and as of December, the expanded monetary base in the country amounted to 10.895.6 billion manat.
According to the Central Bank of Azerbaijan (CBA), the monetary base increased 15.6 percent in a year. For comparison, this figure amounted to 9.427.3 billion manat in the first 11 months of 2012.
According to the CBA, as of December 1, 2013, the monetary base in manat amounted to 10.787.7 billion manat compared to 9.346 billion manat as of December 1, 2012.
During the reporting period, the volume of money in circulation amounted to 10.372.8 billion manat, while as of December 1, 2012, this figure was 8.826.3 billion manat.
In turn, bank reserves were equal to 500.3 million manat, which is 13.6 percent less than the 579 million manat in November 2012.
The ratio of cash money mass in circulation to the monetary base amounted to 95.2 percent as of December 1, 2013 compared to 93.6 percent as of December 1, 2012.
The official exchange rate on Jan13 is 0.7844 AZN/USD.
Translated by L.Z.
Edited by C.N.