Volume of CBA Notes in Circulation Exceeds 1 Billion Manats
The value of Central Bank of Azerbaijan notes in circulation exceeded 1 billion manats for the first time since July 24, 2024, reaching 1.07 billion manats as of August 13.
AI will summarize what happened, why it matters and what it means for business.
The value of notes issued by the Central Bank of Azerbaijan (CBA) in circulation exceeded 1 billion manats for the first time since July 24, 2024.
According to the regulator's press service, as of August 13, the value of notes in circulation amounted to 1.07 billion manats, which is 127.5 million manats higher compared to the figure on August 12.
It should be noted that on July 24, 2024, the volume of CBA notes in circulation was 1.048 billion manats.
Recall that since September 1, 2022, the CBA has been implementing a new monetary policy. Under this policy, the CBA began issuing 84, 168, and 252-day notes, while maintaining the issuance of 28-day notes.
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The essentials in one minute
BeforeSeptember 1, 2022
CBA began a new monetary policy, including issuance of 84, 168, and 252 day notes, while maintaining 28 day notes
Now
The value of CBA notes in circulation exceeded 1 billion manats, reaching 1.07 billion manats as of August 13.
Next
The CBA is expected to continue issuing notes as part of its monetary policy, which may affect interest rates and liquidity.
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.
