OREANDA-NEWS. January 13, 2011. The Central Bank of Azerbaijan has reported of an increase of the monetary base by 54.97% for the past year.

The Bank informs that the monetary base amounted to AZN 6.397 billion by 1 January 2011 against AZN 5.605 billion by 1 January 2010. In December 2010 it rose by AZN 791.6 million from AZN 5.605 billion.

The official exchange rate as of 1 January 2011 was AZN 0.7979 to the US dollar.