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.

Central Bank currency rates for 7 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.

Turkish bank gets a loan of €100 million from Bank of Germany

A Turkish bank has received a loan of €100 million from Germany’s Development Bank.

U.S. investment bank Goldman Sachs fined

Well-known American investment bank Goldman Sachs has been fined.

Business loans softened in Azerbaijan

There has been a softening of the terms of business loans in Azerbaijan.

Banks halved demand at currency auction

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

Kapital Bank paid back the loans of 49 customers

Central Bank currency rates for 6 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.

Nakhchivanbank has not paid interest to its depositors for 3 years

A unique event has been registered in the banking sector of Azerbaijan.