Residents of local banks have begun to open more deposit accounts in foreign currency. By June 1, these funds were equivalent to 3 272.8 million (14.65% YTD).
Number of outstanding cash deposits and medium-checks on the 1st of June this year was 19 968.6 million (+3.52% YTD). According to the Central Bank of Azerbaijan (CBA), in May, the mass M3 expanded by 0.89%.
The largest share of the money supply is in cash - 10 207.2 million (minus 2.41%).
Monetary aggregate M1 (cash, check deposits and funds in settlement and current accounts) amounted to 12 545.8 million (minus 1.5%).
M2 money supply (M1 + time deposits) on June 1, 2014 amounted to 16 695.7 million (1.59%). - 17D-
Economics
-
On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
-
Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review