The net foreign assets of Azerbaijani banks in July amounted to 16.29 billion manats, up by 7% YoY, the Central Bank of Azerbaijan (CBA) reported.
The net domestic assets of the banks amounted to 8.998 billion manats, up by 20.8%.
According to the CBA report, as of July 1, the broad money supply amounted to 25.28 billion manats. Since early 2019 this indicator has grown by 5% and growth since July 1, 2018 has amounted to 11.5%.
The money mass in manat amounted to 15.83 billion manats, and its growth since early 2019 has amounted to 8.1%. The growth since July 1, 2018 has reached 22%.
The expanded monetary base in the country amounted to about 11.26 billion manats. Over a year, the monetary base in Azerbaijan increased by 16.3%. Since early 2019 the monetary base has grown by 20.3%.
As of July 1, the monetary base in manats amounted to 10.38 billion manats, having increased by 8.7% compared to early 2019 and by 20.8% YoY.
The CBA’s foreign exchange reserves in June were $5.94 billion. Since early 2019 the Central Bank’s foreign exchange reserves have increased by $313 million or by 5.5%. Annual growth was 7.7%. (AzerNews/Business World Magazine)