Foreign exchange mass decreased over the year by almost 5 %
The money supply increased in September 2013 by 78.4 million or 0.5 % to 14,809.6 million manat. Over the past 12 months, the volume of manat funds in the economy increased by 2,407.2 million or 19.4%.
According to the Azerbaijani Central Bank, the amount of cash outside the banking system increased in September by 44 million or 0.5 % to 9560 million manat. Non-cash increased by AZN 35.2 million or 0.7 % to 5249.6 million manat. The share of the latter in the structure of AZM treatment increased to 35.4 %.
Broad money expanded in the reporting month by 171.3 million or 1%, for the year - to 2,270.3 million or 15 % to 17,613.6 million manat.
The volume of foreign exchange supply in the banking system increased in September by 92.9 million or 3.4% to the equivalent of 2,804 million manat. During the year foreign exchange mass decreased by 4.7 %. The share of manat resources in the total money supply amounted to 84.1 %, up 3.3 % compared to October 1, 2012.
The total monetary base rose in September by 0.1 %, while for the year - by 13.8 % to 10,697.2 million manat. Manat monetary base declined slightly in the reporting month amounted to 10,615.9 million manat (August - 10,616.8 million). - 15V -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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