radioazadlyg.org
The amount of cash and funds of commercial banks deposited with the Central Bank of Azerbaijan Republic as required reserves by 1 August was 7 billion 467.5 million manat (minus 19.5 million to July 1 and 129.8 million to June 1).
Let's remind that the monetary base, according to the CBA, as of January 1, was equal to 11 billion 541.9 million manat, that is in seven months the decline was more than a third - 4 billion 74.4 million or 35.3% .
By the way, by September 1 last year, the monetary base amounted to a record in the history of the CBA 11 billion 743.6 million manat. The result of "compression" were the low international oil prices and the February devaluation. --17D-
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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