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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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