Currency reserves of Azerbaijan's Central Bank increase

Currency reserves of Azerbaijan's Central Bank increase

Economy
05 December 2019, 14:16 70
As of Nov. 30, 2019, currency reserves of the Central Bank of Azerbaijan (CBA) have increased by $69 million, compared to the figure at the end of October 2019, Trend reports referring to the bank’s statistical data.
The reserves increased from $6.114 to $6.183 billion.
Since the beginning of the year, the CBA's currency reserves have grown by 9.9 percent, from $5.6 billion. On an annualized basis, the growth in currency reserves amounted to 10.4 percent.
The money supply at the end of November 2019 amounted to over 10.6 billion manat ($6.2 billion), which is 22.5 percent more than in 2018. On an annualized basis, the growth in the money supply amounted to 25.4 percent.