Change of decision on raising interest rates

The European Central Bank, which has been raising interest rates for some time to combat high inflation, is changing this decision

Fed to stop growth of interest rates after recent bankruptcy of U.S. banks

More cautious behavior of U.S. banks after recent bankruptcies may stop Fed's interest rates from rising

Central Bank currency rates for 17 April

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

Bitcoin exchange rate exceeds $31,000

The bitcoin exchange rate exceeded $31,000 for the first time since 8 June 2022, ABC.AZ reports that this follows from CoinGecko data.

Brazilian leader urges to refuse from US dollar

Brazilian President Luiz Inacio Lula da Silva, during his first state visit to China, called on developing countries to abandon the dollar in favor of their currency in international trade.

Central Bank currency rates for 14 April

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

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.