Money transfers from Russia to Azerbaijan grew almost 5-fold

In 2022, money transfers from Russia to Azerbaijan increased almost 5-fold and approached $3 bn.

Rufat Guliyev: Financial breaches for AZN 420 million revealed in 2022

MP Rufat Guliyev, speaking about the past activities of the Central Bank, criticized the previous period of operation of the country's main bank.

MP: It’s hardly possible to correct Central Bank’s mistakes made in the past

"It should be borne in mind that not much time has passed since the change of the board and management of the Central Bank."

Central Bank currency rates for 13 April

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

Banks’ profit in eurozone has increased

MP: Significant part of loans received under state guarantees are used randomly

Part of the loans received in Azerbaijan under governmental guarantee are used well, and a significant part is used inefficiently.

Factors limiting digital money transfers

The level of digitization of money transfer services of banks in Azerbaijan is higher than the level of use of services by customers.

Large banks increase their reserves - Details

Some large U.S. banks are going to increase their reserves

Accounts Chamber reveals financial breaches for AZN 481.2 million

The amount of financial violations revealed by the Accounts Chamber as a result of audits conducted in 2022 became known

Chicago Fed’s chairman urges caution when raising interest rates

Chicago Fed’s chairman Goolsbee urged the Federal Reserve Bank to exercise caution when raising interest rates.

Azerbaijan has prepared a project to digitalize money transfers

A project has been prepared in Azerbaijan in connection with the digitalization of money transfers.

If Fed keeps on raising interest rates, it will increase gold prices

While a gram of gold exceeded 120 manats after an uptrend of an ounce of gold on the international market, a quarter of gold is traded at the price of 200 manats.

Central Bank currency rates for 12 April

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

Accounts Chamber reveals shortcomings in Central Bank’s work

The Accounts Chamber conducted an audit of compliance with the financial and economic activities of the Central Bank of Azerbaijan (CBA) in 2021 and the first half of 2022 and revealed shortcomings,

Demand at currency auction decreased by 7.8%

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

National Bank of Iran, which put its property up for sale, ended 1st quarter with profit

The Baku branch of the National Bank of Iran, the only bank with Iranian capital operating in Azerbaijan, has announced the results of the 1st quarter of 2023.

Bank of Korea has once again kept discount rate stable

The Bank of Korea has made a decision on the discount rate.

Central Bank currency rates for 11 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.

Binance cannot find a bank to process customer funds

The American division of the Binance cryptocurrency exchange is trying to find a bank to process its customers' funds after the bankruptcy of Signature Bank last month

Up to $66 million in bonuses for top Credit Suisse executives cut

The Swiss Federal Council (government) has instructed the Ministry of Finance to cut bonuses for thousands of representatives of the top management of Credit Suisse Bank totaling 60 million Swiss francs ($66.1 million)

Central Bank currency rates for 10 April

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