Monetary base in Azerbaijan has decreased much


October 4, Fineko/ As of 1 October 2022, the monetary base in Azerbaijan amounted to AZN 16.1 bn.

ABC.AZ reports with reference to the Central Bank that in August the monetary base also increased by AZN 84.4 million to AZN 16.2 bn.

Over Jan-Sept 2022, the monetary base decreased by AZN 1.79 bn. At the end of last year, the monetary base reached AZN 17.937 bn.

The monetary base refers to that part of the money supply that can be changed by the Central Bank within a short period of time.