Azerbaijan ups compulsory reservation rate on banks' liabilities in manat

By the decision of the Central Bank of Azerbaijan (CBA), compulsory reservation rate on banks' liabilities in manat increased from two to three percent, CBA said on Monday.
The decision was taken on Nov.29.

"In the current unstablesituation in the global economy, the country's economy continues to grow and has favorable external positions. The banking sector shows a high financial stability and has sufficient liquidity," the report says.

According to the report, the Central Bank's important task is managing the money supply at an adequate macroeconomic and financial stability level, in continuous growth of the country foreign exchange reserves and high liquidity in the banking system.The CBA increased compulsory reservation rate on banks' liabilities in foreign currency from two to three percent in May 2011.


/Trend/