Baku 28° C
Azerbaijan renewing some banknotes
Finance
- 01 June, 2020
- 13:00
Central Bank of Azerbaijan (CBA) withdrew AZN 423 million banknotes worth AZN 7.7 billion from eth circulation, put 507 million worth AZN 9.7 billion into circulation, Report informs, citing CBA.
According to the information, total cash in circulation increased by 24.4% (AZN 2 billion or 83.7 million banknotes) to AZN 10.4 billion. As at the end of 2019, the strategic cash reserves of the CBA made up AZN 19.6 billion.
In order to meet the demand for structure of cash by the end of 2021, AZN 10-banknote with an updated design and protective system (AZN 400 million), 1-, 3- and 5-kopek coins have been produced and brought to the country. AZN 1-, 5- and 50-banknotes (AZN 3.36 billion) are being produced.
Author
Latest News
11:44
Milli Majlis ratifies Azerbaijan's accession to Metric Convention
Milli Majlis11:35
Parliament's extraordinary session opens in Baku with 14 issues on agenda
Milli Majlis11:34
Baku Dialogue on Missing Persons to be held in Azerbaijan in October
Foreign policy11:30
MFA: Resolving issue of missing persons key to peacebuilding in South Caucasus
Foreign policy11:18
BSU Rector calls for stronger international cooperation in Turkology
Education and science11:14
Remains of several missing Azerbaijani martyrs to be handed over to families soon
Foreign policy11:09
Baku Initiative Group issues statement backing Kanaky–New Caledonia independence forces
Foreign policy11:03
Photo
Graduation ceremony held for Heavy Machine Gun Crew Training Course
Military11:00