Additional powers granted to Central Bank

Rules for drawing up and executing State Budget changed

The Cabinet Ministers has amended the Rules of Preparation and Execution of the State Budget.

S&P Global Ratings: No bank defaults in Azerbaijan for past 5 years

Retail deposits in the system have increased by 70% since the end of 2016.

Level of dollarization of deposits in Azerbaijan is less than in Armenia

WB enters active phase of AZTAF program in Azerbaijan

The World Bank held the presentation on Azerbaijan Rapid Technical Assistance Facility (AZTAF) in Baku.

Central Bank currency rates for 22 December

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

Money transfers from Iraq to Azerbaijan increased

The money transfers from Iraq to the population of Azerbaijan has increased 9-fold times this year.

Demand at Central Bank's currency auction grew by 17.3%

At the foreign exchange auction on December 21, the demand of banks amounted to $89.7 million and was fully secured

Mərkəzi Bankın valyuta hərracında tələb 17,3% artıb

Dekabrın 21-də keçirilən valyuta hərracında bankların tələbi 89,7 milyon dollar təşkil edib və tam təmin edilib

Export of these services from Azerbaijan grew 2.4-fold

Azerbaijan imported professional and management consulting services for $47.52 million for Jan-Nov 2023 (a rise of 43% versus Jan-Nov 2022).

Central Bank currency rates for 21 December

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

MP: Banks still highly assess credit risk in districts

Why are loan interest rates in districts higher than in Baku?

Loans in the districts are 2-fold times more expensive than in Baku

Red Hearts Foundation celebrates its 3rd anniversary

Supply exceeds demand at 95% of currency auctions

This year, the Central Bank of Azerbaijan (CBA) bought $1.4 billion in the foreign exchange market.

CBA lowers discount rate

The Central Bank of Azerbaijan (CBA) has lowered the discount rate from 8.5% to 8%.

Central Bank currency rates for 20 December

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

Demand at Central Bank's currency auction increased by 8%

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

Central Bank currency rates for 19 December

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

S&P Global Ratings forecast: Profitability of Azerbaijan's banking sector to remain stable next year

"Next year, the profitability of Azerbaijan's banking sector will remain stable and will be at the level of 2022."

Kapital Bank USD deposits are advantageous