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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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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