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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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
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The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
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