Money supply expanded in October almost a half percent
BAKU/13.12.13/TURAN : The money supply increased in October 2013 to 208.2 million or 1.41 %, to 15,017.8 million manat. Over the past 12 months, the volume of manat funds in the economy increased by 2,454.2 million or 19.5%.
According to the Azerbaijani Central Bank , the amount of cash outside the banking system grew in October at 164.4 million or 1.7% to 9724.4 million manat. Non-cash increased by AZN 43.8 million or 0.8% to 5293.4 million manat. Proportion of the latter in the structure of AZM treatment decreased to 35.2 %.
Broad money expanded during the reporting month for 253.8 million or 1.44 %, while for the year - to 2260.8 million or 14.5 % to $ 17,867.4 million manat.
The volume of the foreign exchange supply in the banking system increased in October by 45.6 million or 1.6% to 2849.6 million manat equivalent. Foreign exchange for the year decreased 6.4 %. Manat share resources in the total money supply was 84.1%, which is 3.6 % more than by November 1, 2012 .
The total volume of the monetary base rose in October by 1.2 %, while for the year - by 15.6 % to 10,823.2 million manat. Manat monetary base increased in the reporting month by 1.1 % amounting to 10,732.2 million manat. - 15B -
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review