OREANDA-NEWS. July 12, 2012. This year the monetary base in Azerbaijan has returned to the last year’s phenomenal growth pace. In June, it grew by 3.4% compared to May, when its rise was 2.8%.

The Central Bank of Azerbaijan informs that as of 1 July 2012 the monetary base amounted to AZN 8.65 bn (absolute record) versus AZN 8.37 bn in May, AZN 8.145 bn by 1 May, AZN 8.347 bn by 1 April, AZN 7.825 bn by 1 March, AZN 7.6 bn by 1 February, AZN 8.275 bn by 1 January 2012 and AZN 6.397 bn by 1 January 2011.

Last year, the monetary base grew by 29.4%, and in 2012 its rise still makes up 4.6%.