Manat monetary base at the end of December last year, amounted to 11,641.9 million manat, increasing in the reporting month by 854.2 million or 7.9%.
According to the Central Bank, in the last 12 months, the monetary base increased by 1,126.9 million or 10.7%,
Monetary base is the amount of cash of commercial banks deposited with the Central Bank as required reserves. With this money the Central Bank fulfills its obligations to commercial banks and the government. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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