Manat monetary base decreased slightly in October

Manat monetary base at the end of October this year amounted to 9291.3 million manat, decreased in the reporting period by 8.5 mln.

According to the Central Bank, since the beginning of the year the monetary base increased 1,015.9 million or 12.3 percent.

Monetary base is the amount of cash and cash commercial banks deposited with the Central Bank as required reserves. With this money the Central Bank fulfills its obligations to commercial banks and government agencies. - 15B -


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