Azerbaijan's monetary base reaches 23.3B manats

The monetary base in Azerbaijan amounted to 23.31 billion manats ($13.7 billion) as of May 1, according to the Central Bank of Azerbaijan (CBA), representing a 1.9% decrease compared to April 1, Report informs.

However, the monetary base has increased by 3.75% since the beginning of the year and by 8.4% over the past 12 months.