Payments paid to municipalities to be made in non-cash form

At the Milli Majlis plenary session, the amendments to the Laws on the Basics of Municipal Finance, on the Budget System and on Non-Cash Payments were adopted in the 3rd reading.

EDF gave preferential loans for 211.7 million manats

Over Jan-Nov 2024, the Entrepreneurship Development Fund gave preferential loans to entrepreneurs for totally 211.7 million manats through authorized credit organizations (43.6% more versus Jan-Nov 2023).

Banking licenses revoked from 10 Azerpocht branches

Revenues and expenses of municipal budget to be reflected in information system

Banks increased demand by 11.24% at currency auction

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

NBCOs with a lag on all indicators - Report

Some non-bank credit organizations in Azerbaijan are unable to withstand the growing competition in this sector.

Central Bank currency rates for 10 December

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

Bitcoin to replace gold in next 10 years

China has world's largest foreign exchange reserves

The reserves of China, which has the world's largest foreign exchange reserves, have been unveiled.

Lump sum social benefits from Birbank

AccessBank Offers 50% Discount on myCard Junior for the New Year

Nakhchivan EDF loan portfolio has tripled

Over Jan-Nov 2024, the loan portfolio of the Nakhchivan Autonomous Republic Entrepreneurship Development Fund amounted to 46.3 million manats.

In 2025, share of liquid assets of Azerbaijan to reach 79.4%

Azerbaijan's liquid assets will increase in 2024 and 2025.

Ex-head of U.S. Treasury: Trump's plan to create a national bitcoin reserve is madness

Former U.S. Treasury Secretary Lawrence Summers called president-elect Donald Trump's plan to create a strategic reserve in bitcoins a "madness".

Bank Respublika and EFSE sign loan agreement to support entrepreneurship Photo

Central Bank currency rates for 9 December

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

Central Bank currency rates for 6 December

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

Data unveiled on debit card transactions for first 10 months of 2024

Over Jan-Oct 2024, the volume of debit card transactions in Azerbaijan amounted to 95.155 billion manats

Banks at currency auction lower demand by 18.25%

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.

Bitcoin surpasses historical mark of $100,000

On the night of December 4-5, the first cryptocurrency confidently passed through the $100,000 level. At the time of writing, the asset is traded around $103,000.

Central Bank currency rates for 5 December

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