The monetary base in Azerbaijan decreased to 51.3 million AZN and reached 7 billion 38.1 million AZN in July, according to the Central Bank.
This is the first reduction of the monetary base from the beginning of the year. During the first half of the year, the monetary base increased by 11.4% and amounted to 7 billion 689.4 million AZN.
By results of 2015, the monetary base decreased by 40.2%.
The monetary base is the sum of cash and funds of commercial banks deposited with the Central Bank as required reserves. With this money the Central Bank meets its obligations to commercial banks and government agencies. The money deposited in the Central Bank is directly controlled by it. -0--
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