Creation of Money in Azerbaijan Topped 3-Fold Its Volume for 2009
OREANDA-NEWS. March 02, 2010. In 2010 country’s cash flow of bank system still exceeds USD3.1 bn (exchange rate: AZN 0.8035 to the US dollar) with creation of money for USD 319.319 million against USD 45.86 bn (rate: AZN 0.8031 to the US dollar) with creation of money for USD 108.012 million in 2009.
In 2008, cash flow totaled USD 50.697 bn with creation of money exceeding USD 1.89 bn.
The Central Bank of Azerbaijan (CBA) informs that by 1st February 2009 cash flow totaled AZN 2.49 bn with earning operations for AZN 1.366 bn, withdrawal from account for AZN 1.128 bn, and creation of money for AZN 256.57 million.
In 2009, cash flow totaled AZN 36.8 bn (earning operations for AZN 18.39 bn and withdrawal from account for AZN 1.8 bn) with creation of money for AZN 86.7 bn.
In 2008, cash flow totaled AZN 40.6 bn with earning operations for AZN 19.567 bn (+19.6% against 2007) and withdrawal from account for AZN 21.04 bn (+18.2%), and creation of money for AZN 1.5 bn (+3.5% against 2007) or 5.5% of expenditures.
In January 2010, cash balance on placing to and withdrawal from account totaled by AZN 662.18 million. At the same time balance on earnings of the CBA and its territorial divisions totaled AZN 275.916 million and on expenditures AZN 527.58 million. AS a result, net balance on expenditures reached AZN 185.6 million.
In 2009, cash balance on placing to account amounted to AZN 163.696 million and withdrawal from account - AZN 205.02 million.
Following 2008, cash balance was AZN 122.798 million and AZN 162.3 million respectively.
This January average daily volume of operations on placing to account totaled AZN 44.07 million and on withdrawal from account AZN 8.277 million.
In 2009, average daily volume of operations on placing to account totaled AZN 50.39 million (-6% versus 2008) and on withdrawal from account AZN 50.517 million (-12.36%) with emission of AZN 237,657.
In 2008, average daily volume of operations on placing to account was AZN 53.46 million (+19.27% versus 2007), on withdrawal from account AZN 57.489 million (+17.9%), and creation of money AZN 4.133 million (+3.19%).
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