The money supply increased in June 2013 by 161.5 million or 1.1% to 14,299.7 million manat. Over the past 12 months, the volume of manat funds in the economy increased by 2,546 million or 21.7%.
According to the Azerbaijani Central Bank, the amount of cash outside the banking system increased in June by 121.5 million or 1.4% to 9219.7 million manat. Non-cash increased by AZN 40 million or 0.8% to 5,079.9 million manat. The share of the latter in the structure of AZN circulation decreased to 35.5%.
Broad money supply declined during the reported month by 96.3 million or 0.6% and for the year it grew by 17.1% to 17,013.1 million manat.
The volume of foreign exchange supply in the banking system declined in June by 257.8 million or 8.7% to 2,713.5 million manat equivalent. During the year foreign exchange supply decreased 2.2%. The share of manat resources in the total money supply amounted to 84.1%, up 3.2% compared to July 1, 2012.
The total monetary base rose in June by 1.4%, while for the year - by 18.3% to 10,329.9 million manat. Manat monetary base increased during the reported month by 151.9 million or 1.5% to 10,265.2 million manat. - 15V -
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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