Money supply rose in September by 184.1 million or 1.5% to 12,402.4 million manat. Over the past 12 months, the volume of funds in manat economy grew at 2,772.1 million or 28.8%.
According to the Central Bank of Azerbaijan, the amount of cash outside the banking system rose in September by 170.8 million or 2.2% to 8,315.4 million manat, and non-cash AZN - 3.3 million or 0.1% to 4,087 million manat. The share of the latter in the structure of the manat circulation decreased to 32.9%.
Broad money increased in the reported month by 340.3 million or 2.3% and for the year - by 21.3% to 15,343.3 mln.
The volume of foreign exchange supply in the banking system rose in September by 156.3 million or 5.6% to the equivalent of 2,941 million manat. Foreign exchange supply for a year contracted 2.7%. Manat resources in the total money supply were 80.8%, which was 4.7% higher than on October 1 of last year.
The total amount of the monetary base increased in September by 2.2%, while for the year - by 29% to 9,399.7 million manat. Manat money increased over the month by 223.4 million or 2.4% to 9,299.8 million manat. - 15V -
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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