Banks increased demand by 27% 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.

Azerbaijan's foreign exchange reserves have grown

Azerbaijan's foreign exchange reserves amounted to $52.678 bn as of 1 July 2022.

Exchange rate of Azerbaijani manat for 19 July

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

Some NBCOs in Azerbaijan operate at a loss

Exchange rate of Azerbaijani manat for 18 July

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

Manat exchange rate for 15 July 

Integration of banks into open banking platform completed

Number of customs service rendering banks has increased

VTB (Azerbaijan) lowered interest rates on cash loans

Manat rate for 14 July 

National rating agency to be created in Azerbaijan

Manat rate for 13 July 

How did sanctions against Russia affect banking sector of Azerbaijan?

IMF predicts an increase in SOFAZ assets by 82% by 2028

The International Monetary Fund forecasts an increase in the assets of the State Oil Fund (SOFAZ) to $82.076 bn by 2028.

Kazakhstan withdraws from CIS agreement

Kazakhstan is withdrawing from the 1995 CIS Agreement on the Interstate Monetary Committee.

Exchange rate of Azerbaijani manat for 8 July

On 8 July, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7263, the manat-lira rate AZN 0.0985 and the manat-ruble rate - AZN 0.0270

Visa appoints its regional manager in Azerbaijan

Visa has announced the appointment of Nurlan Hajiyev as Senior Director, Regional Manager in Azerbaijan.

Banks increase 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

IMF head: There is a possibility of global recession in 2023

International Monetary Fund’s head Kristalina Georgieva does not rule out the onset of global recession in 2023.

Exchange rate of Azerbaijani manat for 7 July

On 7 July, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7344, the manat-lira rate AZN 0.0986 and the manat-ruble rate - AZN 0.0268

SMS message about money availability at cash machines to be sent to citizens

An innovation related to cash machines (ATMs) has been introduced in the banking sector of Azerbaijan.