As of November 1, the money supply in Azerbaijan compared to last month increased by 9.38% (638.6 million manat) and amounted to 7 billion 448.9 million manat.
From the beginning of the year, the money supply increased by 7.93% (547.1 million AZN).
The expert Samir Aliyev in an interview with Turan pointed out that increasing the money supply could be greater.
He noted that the increase in the money supply is important for the development of non-oil sector. But at the same time, this process also accelerates inflationary pressures.
"In order to prevent inflation, the central bank keeps the money supply growth through various instruments such as deposit auctions and the release notes," he said. ----71D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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