The money supply has increased in August 2013 to 226.8 million or 1.5 % to 14,731.2 million manat. Over the past 12 months, the volume of manat funds in the economy increased by 2,512.9 million or 20.7 %.
According to the Azerbaijani Central Bank, the amount of cash outside the banking system increased in August by 61.8 million or 0.7 % to 9,516.9 million manat. Non-cash decreased by AZN 165.1 million or 3.3% to 5,214.4 million manat. The share of the latter in the structure of AZN treatment increased to 35.4%.
Broad money expanded in the reporting month by 6.5 million manat, and for the year - by 2,439.3 million or 16.3 % to 17,442.3 million manat.
The volume of foreign exchange supply in the banking system declined in August to 220.2 million or 7.5% to 2711.1 million manat equivalent. During the year foreign exchange mass decreased by 2.6 %. The share of manat resources in the total money supply amounted to 84.4 % , up 3 % compared to September 1, 2012.
The total monetary base rose in August by 1.5 %, while for the year - by 16.2 % to 10,688.8 million manat. Manat monetary base increased during the reporting month to 189.2 million or 1.8 % to 10,616.8 million manat. - 15B-
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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