As of November 30 currency reserves of the Central Bank of Azerbaijan (CBA) have increased by $69 million, compared to the figure at the end of October 2019.
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%, from $5.6 billion. On an annualized basis, the growth in currency reserves amounted to 10.4%.
The money supply at the end of November 2019 amounted to over 10.6 billion manats ($6.2 billion), up by 22.5% YoY. On an annualized basis, the growth in the money supply amounted to 25.4%. (AzerNews/Business World Magazine)