S Korean Central Bank lowers rate first time since May 2020

The Bank of Korea on Friday lowered the base rate to 3.25% from 3.5% per annum, ABC.AZ reports, referring to the regulator.

Central Bank currency rates for 11 October

Azerbaijani manat rate has risen to the euro and fallen to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

Ripple declares launch of cryptocurrency storage services

Ripple has announced the launch of cryptocurrency storage services, which are "designed to help banks and fintech companies store digital assets"

Banks’ demand at foreign exchange auction grew by 8.3%

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

Central Bank of China to use a liquidity tool for stock markets worth $71 bn

The central bank of China has announced that it will begin accepting applications from financial institutions to join a newly created liquidity instrument that will help investors buy stocks.

Central Bank currency rates for 10 October

Azerbaijani manat rate has risen to the euro and to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

Bitcoin could rise to $80,000-90,000 if Trump wins

Bitcoin could reach value of $80,000-$90,000 if Donald Trump wins the election next month.

Latvia to impose a tax for banks

The Latvian government has supported introduction of an additional income tax on financial organizations for the next three years to cover defense costs

Central Bank currency rates for 9 October

Azerbaijani manat rate has grown to the euro and to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

Exclusive offer from AccessBank — deposits with interest rates up to 12%!

Turkish politician: U.S. threatens Ankara to disable SWIFT for helping Russia

U.S. threats to disconnect Turkish banks from the SWIFT system are forcing Türkiye to reduce trade with Russia.

Banks’ demand at currency auction declined by 6.8%

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

Central Bank currency rates for 8 October

Azerbaijani manat rate has fallen to the euro and risen to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

An innovation in relation to credit cards – rules for issuing can be tightened

In recent years, the demand for credit cards has increased.

Central Bank of China stops buying gold

The central bank of China refrained from buying gold for its reserves for the fifth month in a row, Reuters writes.

Winners of the first draw of Kapital bank’s deposit lottery announced 

Central Bank currency rates for 7 October

Azerbaijani manat rate has grown to the euro, to the Turkish lira, and to the Russian ruble, while is stable to the US dollar.

Kapital Bank offers life insurance for loan customers

Central Bank currency rates for 4 October

Azerbaijani manat rate has increased to the euro and fallen to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

British sanctions imposed on Belarus’ Alfa-Bank

The British authorities imposed sanctions against Alfa-Bank Belarus CJSC.

When will the law on green bonds come into force in Azerbaijan?

Banks account for 95% of Azerbaijan's financial sector