Azerbaijan's foreign exchange reserves grew by 0.6% for Q1 of 2022

Azerbaijan's foreign exchange reserves as of 1 April 2022 amounted to $52.4 bn.

Exchange rate of Azerbaijani manat for 19 April

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

A new member of board appointed at Bank VTB (Azerbaijan)

Tural Huseynov has been appointed a new member of board at Bank VTB (Azerbaijan).

Bank BTB observed decline on some indicators

By the end of Q1 of this year, Bank BTB allocated AZN 3.2 million for creation of reserves to cover possible losses on assets.

Bank that suffered operating loss of AZN 93,000 in 1st quarter of 2022

In the 1st quarter of 2022, the administrative expenses of Bank BTB decreased sharply – by 42%.

Bank BTB started the year with loss

Bank BTB started 2022 with loss.

Central Bank of Russia to soften capital controls

The leadership of the Central Bank of Russia announced gradual easing of capital controls

Russian banks sell problem loans

The situation in Russia, which has developed as a result of Western sanctions, is getting worse day by day.

Central Bank’s Board to be reformed

Following the appointment of the new chairman to the Central Bank of Azerbaijan, the bank’s Board is expected to be reformed.

Exchange rate of Azerbaijani manat for 18 April

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

AccessBank Supervisory Board members mandate is extended

Azerbaijani population’s income increased by 19%

Over Jan-Mar 2022, the nominal incomes of the Azerbaijani population reached AZN 16.005 million, or an average of 1,593.2 manats per person.

Over $4 million transferred from Georgia to Azerbaijan for 3 months

Armenian banks carefully monitor not to fall under sanctions

The Armenian authorities are "very careful not to fall under US sanctions" for possible attempts to help Russia circumvent restrictions.

Exchange rate of Azerbaijani manat for 15 April

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

Putin: Foreign banks delay payments to Russia for energy

Foreign banks are delaying payment for Russian energy carriers

Mastercard introduces its first cryptocurrency

MasterCard payment system and Nexon cryptocurrency platform have announced the launch of the first MasterCard cryptocurrency card.

Central Bank’s new chairman introduced to the staff

Taleh Kazimov appointed to the post of the chairman of the Central Bank by the relevant presidential order has been introduced today to the team.

Demand at currency auction has increased

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Manat exchange rate for 14 April

A professional banker elected Central Bank’s chairman – Biography of Taleh Kazimov

By order of President Ilham Aliyev, Taleh Kazimov has been appointed the chairman of the Central Bank of Azerbaijan.