This year, gold production in Azerbaijan grew more than by 7%

Over Jan-Aug 2024, 1,476.4 kg of gold and 2,061.9 kg of silver were produced in Azerbaijan.

Azerbaijan's State Budget surplus reaches almost 3 billion manats

Azerbaijani State Budget revenues for Jan-Aug 2024 amounted to 25.223 bn manats (23.5% more versus 2023)

Incomes of Azerbaijani population increased

The nominal monetary income of the Azerbaijani population amounted to 53.947 mln manats for Jan-Aug 2024

Russian Central Bank raised key rate to 19% per annum

The Bank of Russia raised the key rate by 100 basis points to 19% per annum and indicated the possibility of raising it at the next meeting.

The Economist forecasts exchange rate of Azerbaijani manat to remain stable until 2029

Money transfers from Türkiye to Azerbaijan increased by 16%

The volume of money transfers from Türkiye to the population of Azerbaijan in the 1st half of this year amounted to $82 million 293 thousand.

Accounts Chamber: There are many gaps in budget planning

Gaps in the State Budget of Azerbaijan, relating to planning, create the possibility of additional expenses (for example, interest expenses).

Central Bank currency rates for 13 September

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.

Ukraine's foreign debt payments exceed $1 bn first time

By the end of August, Ukraine's payments on foreign public debt exceeded $1 billion for the first time.

Demand at currency auction fell by 40%

According to the results of the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Kapital Bank's 150th Anniversary lottery: second draw concluded

Money transfers to Azerbaijan decreased

Over Jan-Jun 2024, the money transfers from individuals to Azerbaijan amounted to $567.8 million.

FDIs into Azerbaijani economy totaled $3 bn for six months

Azerbaijan's current account surplus reached about $2.6 bn

The current account surplus of Azerbaijan's balance of payments in the 1st half of this year totaled approx. $2.6 billion.

Central Bank currency rates for 12 September

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

Azerbaijan and Binance sign Memorandum

The Center for Analysis & Coordination of the Fourth Industrial Revolution (4 SIM) under the Ministry of Economy of Azerbaijan has signed the Memorandum of Understanding with Binance.

FBI has published a report on crypto fraud in 2023 – Americans lost $ 5.6 billion

The Federal Bureau of Investigation (FBI) has published a report on crypto fraud for 2023, according to which Americans lost $5.6 billion due to cryptocurrency scams.

CBA to create a legal framework for new financial instruments

The Central Bank of Azerbaijan (CBA) is planning to establish a legal basis for new financial instruments as part of its “Financial Sector Development Strategy for 2024-2026”.

Central Bank currency rates for 11 September

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

Central Bank cash register not to operate for this reason

Share of electric vehicles in banks’ loan portfolio of automobiles reaches 60%