CBA: In 2023, ratio of budget expenditures to GDP to exceed 30%

The Central Bank of Azerbaijan (CBA) expects that next year the ratio of State Budget expenditures to GDP will exceed 30%

CBA: Increase of nominal exchange rate reduces inflation by about 3%

Azerbaijan's strategic foreign exchange reserves reach $60 bn

Azerbaijan's strategic foreign exchange reserves increased by 12.3% or $6.5 bn for Jan-Nov 2022 up to $59.8 bn

Director of Iranian Central Bank resigns

The director of the National Bank of Iran, Ali Salehabadi, has resigned

Azerpocht becomes a Visa system member

Azerpocht LLC has received the status of a full member of the Visa international payment system.

Central Bank currency rates for 30 December

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

Vugar Ibragimov nominated for position of auditor of Accounts Chamber

Banks increased demand at currency auction by 7.5%

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 29 December

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

Central Bank currency rates for 28 December

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

Household deposits in banks have grown

Banks reduced 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.

Central Bank currency rates for 27 December

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.

Banking sector external liabilities increased

Number of payment cards in circulation exceeds 13 million 

Non-cash transactions grew 1.9-fold in November

Azerbaijani banks’ interest income increased by 29%

The Azerbaijani banks received AZN 2.47 bn of interest income for Jan-Nov 2022 (28.9% more versus Jan-Nov 2021)

Central Bank currency rates for 24 December

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

Volume of loans given by end of November calculated

Share of loans in foreign currency in Azerbaijan published

The loan portfolio of banks and non-bank credit organizations (NBCOs) in Azerbaijan grew by 18.1% up to AZN 20.218 bn.

Size of loan portfolio of banks and NBCOs unveiled in Azerbaijan

Over Jan-Nov 2022, the loan portfolio of banks and non-bank credit organizations in Azerbaijan increased by 18.1% up to AZN 20.218 bn