Money supply rose in August by 247.3 million or 2.1% to $ 12,218.3 million manat. Over the past 12 months, the volume of funds in the economy rose by 2,648.5 million or 27.7%.
According to the Central Bank of Azerbaijan, the amount of cash outside the banking system rose in August by 122.3 million or 1.5% to 8,134.6 million manat, and non-cash AZN - by 81.8 million or 2% to 4,001.9 million manat. The share of the latter in the structure of the manat treatment increased to 33.4%.
Broad money increased in the reported month by 300 million or 2%, and for the year it grew by 21.6% to 15,003 million manat.
The volume of foreign exchange supply in the banking system rose in August by 52.7 million or 1.9% to the equivalent of 2,784.7 million manat. Foreign exchange for the year increased 0.7%. Manat resources in the total money supply were 81.4%, up 3.8% compared to September 1 last year.
The total amount of the monetary base rose in August by 1.7%, while for the year - by 27.7% to 9,195.7 million manat. Manat money base increased over the month by 136.2 million or 1.5% to 9,076.4 million manat. - 15V -
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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