The manat monetary base at the end of August 2013 amounted to 10,616.8 million manat, an increase in the reported month to 189.2 million or 1.8 percent.
According to the Central Bank, since the beginning of the year the monetary base has expanded by 101.8 million or 0.9 %, and over the past 12 months - by 1540.5 million or 17%.
The 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 the commercial banks and the government. - 15B -
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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