BAKU, Azerbaijan, Nov. 1
By Sadraddin Aghjayev - Trend:
The monetary base in Azerbaijan amounted to 14.621 billion manats ($8.6 billion) as of November 1, 2021, the Central Bank of Azerbaijan (CBA) told Trend on November 1.
According to the CBA, the monetary base increased by 0.85 percent, or 122.5 million manats ($72 million) compared to October 1, 2021.
In addition, the CBA reported that the monetary base increased by 14.4 percent compared to the beginning of the year and by 20.8 percent - on an annualized basis.
It is noted that the CBA's monetary policy tools were implemented within the interest rate corridor. At the auctions, organized by the Central Bank for the placement of deposits and short-term notes, there is an excess of demand over supply.
The monetary base includes cash and free banking and mandatory reserves of commercial banks in circulation.
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