Circulation velocity of Azerbaijani manat down

As of November 1 2024, the circulation velocity of Azerbaijan's national currency manat was evaluated at 3.59 points, Report, citing the Central Bank of Azerbaijan (CBA).

This is 0.13 points more compared to October 1, 0.11 points more compared to the beginning of the year, and 0.03 points less compared to the previous year.

According to CBA statistics, the lowest circulation velocity of the manat in the last 17 years was recorded at the end of January 2015, just before the first devaluation of recent years, and amounted to 2.68 points. The highest rate of this indicator was recorded in 2005 (15.72 points).