Broad money supply rises 23% in Azerbaijan

As of March 1, 2023, the broad money supply in Azerbaijan amounted to 41.733 billion manats ($25.55 billion).

Report informs, citing the Central Bank of Azerbaijan, that the broad money supply increased by 0.7% compared to February 1 this year, decreased by 2.5% compared to the beginning of the year, and surged by 23.2% in comparison to a year earlier.

The broad money supply in manats amounted to 29,018.3 million manats ($17.07 billion), 0.4% more than the same indicator as of February 1, 1.9% less than the beginning of the year, and 26.1% higher than the previous year.