Volume of card transactions has increased

Transactions through Government Payment Portal grew by 18%

The expansion of the capabilities of the Government Payment Portal, created for the centralized collection of payments for budget payments and mass services, has continued.

84.6 million card transactions made through Interbank Card Center for past half of 2022

Over Jan-Jun 2022, the positive trend in the development of the card infrastructure continued, and the continuity of operation of the Interbank Card Center was ensured.

Currency exchange rates for 3 August

On 3 August, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7312, the manat-lira rate AZN 0.0948 and the manat-ruble rate - AZN 0.0282.

SOFAZ sold finances for $212.3 million in July

The State Oil Fund of Azerbaijan has published a statement on the sale of the currency for July.

Amount of frozen Russian finances in Belgium has increased to €50.5 bn

The Belgian authorities have frozen €50.5 bn belonging to Russian individuals, companies and other legal entities that have been sanctioned

Banks double 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.

Pasha Bank Georgia ends 2nd quarter with loss

Pasha Bank Georgia has increased its loan portfolio

PASHA Bank's subsidiary in Georgia, Pasha Bank Georgia, completed the 1st half of 2022 with losses, ABC.AZ informs with reference to bank's report.

Fourth interest rate rise from Central Bank of Australia

The Central Bank of Australia has raised the interest rate by 0.50 points up to 1.85%.

VTB (Azerbaijan) supported the Summer University for Young Leaders project - Photo

Currency exchange rates for 2 August

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

Foreigners made bank card transactions for AZN 1.07 bn

CBA's foreign exchange reserves increased by 14%

As of 1 August, Central Bank’s foreign exchange reserves amounted to $7.407 bn (by 0.5% more compared with 1 July)

Monetary base has grown in Azerbaijan

The monetary base in Azerbaijan as of 1 August amounted to AZN 16.1 bn

Russian Central Bank extends restrictions on withdrawal of cash foreign currency

The Bank of Russia has extended restrictions on cash withdrawals of foreign currency for another six months - until 9 March.

Banks with assets of over AZN 2 bn

As of 1 July 2022, the assets of four out of 26 banks operating in Azerbaijan exceeded AZN 2 bn.

Assets of 5 banks decreased in Azerbaijan

The assets of five out of the 26 banks operating in Azerbaijan as of 1 July 2022 were smaller in annual comparison.

National Bank of Ukraine announces imminent strengthening of hryvnia

There are no objective reasons for the devaluation of the hryvnia

Population’s income increased by 20% this year

According to preliminary data, in the 1st half of 2022, the Azerbaijani population’s income in nominal terms grew by 19.9% and reached AZN 32.959 bn.

Population’s deposits in banks grew by 22%