Monetary base in Azerbaijan increases by 14%YoY

Kanan Sadigov
Post's author

The monetary base in Azerbaijan was 19.99 billion manats ($11.75 billion) as of May 1, which is 2% less than the figure as of April 1, Report informs citing the Central Bank of Azerbaijan.

The country's monetary base decreased by 4.2% compared to the beginning of the year, but increased by 13.55% year-to-year.

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