The Central Bank of Azerbaijan (CBA) took 491 counterfeit banknotes in the amount of AZN 7,901 out of circulation last year, the annual report of the chief financial regulator of the country reads.
The total volume of cash in circulation by the beginning of the year amounted to 10.8 billion manats (minus 1.7% per year), or 513 million banknotes, of which 47% are bills and 53% are metal money. Moreover, almost all (99.6%) the cash in circulation accounted for paper money.
The most common are bills worth 100 manats - 73.1 million pieces, 1 manat - 56 million, 50 manats - 54.6 million, 20 manats - 23 million, 5 manats - 21.1 million, and 10 manats - 13.3 million. --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review