Azerbaijan`s Central Bank raised AZN 100 million in a deposit auction

The Central Bank of Azerbaijan raised AZN 100 million in a deposit auction

One more statement about deposit insurance - confidence to banking sector to increase

Gold price has soared - by $24

Prices for gold and silver at world exchanges have been declared

MP: Benefits are possible on loan repayment terms

Certain benefits related to the term of credit agreements, as well as their repayment periods, are possible during the period of coronovirus

Central Bank announced exchange rate for 16 March

The Central Bank of Azerbaijan announced the exchnage rate of the manat to foreign currencies for 16 March

Four currencies occupy main place in SOFAZ currency basket

The gold asset in SOFAZ funds is known to play the role of insurance in case of uncertainty

Term of full deposit insurance extended by another 9 months

A draft law on the amendments to the Law on Full Deposit Insurance has been submitted for discussion in the 1st reading at today’s plenary session of Milli Majlis

SOFAZ to put up another $5 bn for sale

Expenditures relating to the transfer to the State Budget are an obligation of the State Oil Fund of Azerbaijan and should be met regardless of crude oil prices

Amount of funds collected in SOFAZ unveiled

The main goals of the State Oil Fund of Azerbaijan, along with the accumulation of reserves for future generations, are macroeconomic stabilization, including the protection of the country`s economy from foreign economic influence

State Oil Fund regularly brings dollars to foreign exchange market

March 13, Fineko/abc.az. The State Oil Fund (SOFAZ) has clarified a range of important questions.

Vusal Gasimli: Pressure of dollarization declines much versus 6 years ago

Comparing the current ratio of cash outside banks to the broader money supply with the same indicator for 2014, we now see a greater decrease - by 45%

Vusal Gasimli: There is less need to convert manats into dollars than in 2014

Conversion of manat deposits into dollars on the one hand means the difference between the interests of deposits, and on the other hand, the loss of funds on average up to 10% due to transaction costs

Vusal Gasimli: Intensity of currency exchange in banks to decrease in coming days

Currently, cash money outside of banks are amounting to AZN 9.3 bn

CBA chair Elman Rustamov: If oil price returns to its normal level in a week, our losses to be negligible

There is a lot of talk about the economy of Azerbaijan these days

Central Bank`s chair puts end to population’s concern - manat rate balanced

The Azerbaijani economy is quite stable to the decline in oil prices

Central Bank announced exchange rate for 13 March

The Azerbaijani manat has increased to the euro and the Russian ruble, while is stable to the US dollar

Gold has declined in price sharply

Prices for gold and silver on world exchanges have been declared

Central Bank announced exchange rate for 12 March

The Central Bank of Azerbaijan announced the exchnage rate of the manat to foreign currencies for 12 March

Elman Rustamov: Currently, all banks have enough foreign currency that population can buy

Currently, all banks have as much foreign currency as the population can buy

Expert`s suggestion to reduce the dollar`s agiotage

Amid growing demand for US dollars, the main responsibility for the agiotage lies on the banking sector regulator

Central Bank`s chair: We don`t intend to use strategic foreign exchange reserves

We`re not currently thinking about using strategic foreign exchange reserves