Azerbaijan's foreign exchange reserves reach $67.7 bn

As of January 1, 2024, Azerbaijan's foreign exchange reserves amounted to $67.68 bn.

SOFAZ off-budget revenues amounted to AZN 2.1 bn

The income from the management of finances of the State Oil Fund of Azerbaijan (SOFAZ) at the end of 2023 reaches AZN 6.337 bn.

SOFAZ assets grew by 14.3% for 2023

As of December 31, 2023, the assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 14.3% up to $56.069 bn.

Kapital Bank has announced the financial results of 2023

Banks’ demand at currency auction fell by 34%

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Russia's gold reserves have risen sharply

At the end of 2023, Russia's gold reserves reached $155.9 billion, setting a new record.

Central Bank currency rates for 16 January

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

Rabitabank observed significant growth on these indicators

Rabitabank announced the financial results for the last quarter of 2023.

Growth by AZN 2.789 million reported on non-interest income of this bank

Rabitabank’s net profit amounted to AZN 60.439 million, according to bank’s report on financial results for the last quarter of 2023.

This bank received AZN 91.1 million of interest income in three months

Rabit Bank has announced the financial results for the last quarter of 2023.

Central Bank currency rates for 15 January

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

ASB Bank's net profit decreased - Report

The net profit of the nearest bank to Azersun Holding LLC, Azerbaijan Industrial Bank OJSC (ASB Bank), in 2023 was less than a year earlier.

VTB Bank (Azerbaijan) has published a report – increase on some indicators

VTB Bank OJSC (Azerbaijan) has published the financial indicators for 2023.

Central bank buys maintenance services from this company

Content, form and procedure of presentation of actuarial conclusion approved

The Board of the Central Bank of Azerbaijan (CBA) has approved the "Content, form and procedure for submitting an actuarial opinion".

Financial flow to Azerbaijan amounted to 43.3 bn manats - increase recorded

In the 4th quarter of 2023, the financial flow to Azerbaijan amounted to 43.3 bn mantas (12.4% more versus Q4 of 2022).

Damage for AZN 44.4 million recouped to State Budget in 2023

In 2023, compensation for damage to the State Budget in the amount of AZN 44.4 million was ensured, ABC.AZ was informed at the Tax Service.

Birbank Biznes Unleashes Fresh Online Opportunities for Entrepreneurs

IMF allocates a $700 million tranche to Pakistan

The Board of Directors of the International Monetary Fund (IMF) has approved the allocation of a tranche of $700 million to Pakistan

Bitcoin's growth potential exhausted

The U.S. Securities & Exchange Commission (SEC) has approved the launch of ETF Bitcoin Spot, which will directly invest in cryptocurrencies.

Central Bank currency rates for 12 January

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