The Central Bank of Azerbaijan reduced the issuance of notes in 2024 by 6.5 times, Report informs via the regulator.

In December 2024, the execution of budget expenditures led to a 1.7% increase in the monetary base.

This resulted in a decrease in the average daily 1D AZIR index in January by 1.29 percentage points compared to December, to 6.39%. Activity in the unsecured market continues.

The average daily volume of operations in the unsecured money market in December was 627.3 million manats ($368.9 million), and in the first half of January of the current year – 290 million manats ($170.5 million).

The CBA applies monetary policy instruments taking into account processes in financial markets and changes in the liquidity position of the banking system.