Overdue loans in Azerbaijan decreased to 3.4%

The loan portfolio of banks and non-bank credit organizations of Azerbaijan for Jan-Aug 2022 increased by 11.8% to AZN 19.136 bn.

Number of people employed in this sector of Azerbaijan increased

The Central Bank has published a report on August 31, 2022.

Central Bank currency rates for 26 September

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

Erdogan: Turkey looks for alternatives to Mir payment system

Turkey is looking for alternatives to using the Mir payment system, Turkish President Recep Tayyip Erdogan is quoted by Bloomberg.

Uzbekistan's banks also stop servicing Mir cards

The service of the cards of Russian system Mir has been temporarily suspended in Uzbekistan since 23 September "for technical reasons"

Japanese government takes measures to prevent yen from falling

Tinkoff to restrict incoming SWIFT transfers

From 12 October Tinkoff Bank will limit incoming SWIFT transfers in dollars and euros to Armenia, Uzbekistan and Azerbaijan

Central Bank currency rates for 23 September

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

Bank of England raises interest rate

The Central Bank of England has raised the interest rate by 50 points to 2.50% to prevent rising inflation.

Turkey's Central Bank cuts interest rates

The Central bank of Turkey has lowered its key interest rate by 1 percentage point, to 12% from 13%, despite record-breaking inflation.

Is devaluation expected in Azerbaijan?

The U.S. Federal Reserve System raised the discount rate by 0.75%.

Banks increase demand at currency auction by 42%

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 22 September

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

Azerbaijan observes increase of borrowing by business entities

In the 2nd quarter of 2022, the easing of business lending standards mainly concerned the terms of lending, and in the 3rd quarter the trend is projected to continue.

Data on Russian assets frozen in Germany

As of mid-September, the total value of assets frozen in Germany in connection with EU sanctions against Russia reached 4.88 bn euro.

Banks of two more countries suspend acceptance of Mir cards - Details

Banks of two more friendly countries - Vietnam and Kazakhstan - have stopped accepting Mir cards.

US dollar may rise in price – it depends on Fed's decision

.  By the end of 2022, the U.S. Federal Reserve System (Fed, U.S. Central Bank) is expected to raise interest rates on foreign exchange markets to 4.25-4.5%.

Central Bank currency rates for 21 September

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

Spending on housing and communal services increase

This Turkish bank to continue work with Mir card

Ziraat Bank (Turkey) does not stop servicing Mir cards.

Ukraine spends 60% of its budget on war every month

The deficit of the State Budget of Ukraine by the end of 2022 may reach $30 bn.