Money supply rose in September by 184.1 million or 1.5% to 12,402.4 million manat. Over the past 12 months, the volume of funds in manat economy grew at 2,772.1 million or 28.8%.
According to the report on the results of the CBA monetary policy for 9 months, the amount of cash outside the banking system increased in September at 170.8 million or 2.2% to 8,315.4 million manat.
Broad money increased in the reported month by 340.3 million or 2.3% and for the year - by 21.3% to 15,343.3 mln.
The monetary base increased in January - September of this year by 12.4%, and as compared to the same period last year - by 30%. - 15V -
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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