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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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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