AI will summarize what happened, why it matters and what it means for business.
The value of notes of the Central Bank of Azerbaijan (CBA) in circulation exceeded 1.5 billion manats for the first time since October 26, 2023.
According to the regulator, on August 27 the total value of notes increased by 82.5 million manats compared to August 26, reaching 1 billion 525 million manats.
Since September 1, 2022, the CBA has been implementing a new monetary policy. Under this policy, in addition to 28-day notes, 84-, 168-, and 252-day notes were also issued. Currently, their annual yields are 5.9%, 6.01%, 6.1%, and 6.21%, respectively.
THE WHOLE PICTURE
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The essentials in one minute
BeforeOctober 26, 2023
CBA notes last exceeded 1.5 billion manats
Now
The volume of CBA notes exceeded 1.5 billion manats, reaching 1.525 billion manats.
Next
Further changes in the volume of notes are expected depending on the needs of the banking system and CBA policy.
Who is behind this story
CE
Finance
Central Bank of Azerbaijan
The Central Bank of Azerbaijan runs monetary policy and oversees the manat and the financial sector.
