Banks’ demand at currency auction drops by 8.2%

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 16 April

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

A trade financing agreement was concluded between TuranBank and Asian Development Bank Photo

Kapital Bank introduces exciting “50 gün 50 hədiyyə” (“50 days 50 gifts”) lottery

Statistics Committee: Incomes in Azerbaijan increased by 4.5%, and prices by 0.4%

Over Jan-Mar 2024, Azerbaijani population’s nominal income totaled 19.408 bn manats.

Statistics Committee: State Budget revenues grew by 11.4% against March 2023

Azerbaijan's State Budget surplus decreased to 821.7 million manats in March.

Remittances from Türkiye to Azerbaijan grew by 35%

CBA to cut discount rate to 7% this year - Forecast

The Central Bank of Azerbaijan (CBA) will continue to reduce the discount rate in 2024 and 2025.

Central Bank: Last year, country saw an increase on index of economic activity

In general, there was a significant increase in the economic activity index during 2023.

Last year, money transfers from Azerbaijan to this country grew by 65%

In 2023, individuals carried out money transfers for $14.669 million from Azerbaijan to the UAE.

MP’s statement: Can US dollar rise in price in Azerbaijan?

Azerbaijan observes a rise of 13% in financial flow for Q1 of 2024

In the 1st quarter of 2024, the financial flow in Azerbaijan amounted to 24.8 bn manats (nearly $14.6 bn), which is 12.7% more versus Q1 of 2023.

Central Bank of Türkiye suffered losses for 818 bn liras for year

The Central Bank of the Republic of Türkiye has announced the financial report for 2023.

Central Bank currency rates for 15 April

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

The winners announced: Azerbaijan Business Case Competition held in partnership with Kapital Bank

Entrepreneurship Fund directed 131 million manats of a soft loan for its own expenses

The Entrepreneurship Development Fund purposefully did not use concessional loan funds, according to Accounts Chamber’s audit.

Banks’ demand at currency auction increased by 22%

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1,7000 AZN/USD.

This US bank closes - Reasons

First Republic Bank, located in San Francisco, faced the problem of closure.

To attention of dollar-holder persons

The U.S. Federal Reserve System (FRS) has already begun to optimize interest rates after their sharp increase.

Central Bank currency rates for 9 April

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

Inefficient expenditures for nearly 157 million manats revealed in 2023