Azerbaijan's broad money supply grows by more than 20%

The volume of broad money in Azerbaijan has totalled over 42 billion manats (24.7 billion) as of February 1.

The figure decreased by 1.9 per cent on monthly basis and increased by 21.3 per cent on annual basis, Report informs, citing the country’s central bank.

Meanwhile, the value of manat’s money supply in broad definition made up 29 billion manats ($17 billion), having increased by 2.2 per cent in monthly terms and by 25.1 per cent on yearly basis.