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.

Starting from 2025, participants in payment market to be required to undergo audit

80-90% of transfers from current accounts made in e-form in 10 months

Over Jan-Oct 2024, 80% of transfers (on amount) from current accounts of customers and about 90% of such transactions in Azerbaijan were carried out via Internet and mobile banking.

List of districts with the highest loans

As of November 1 of this year, the volume of long-term loans in districts of Azerbaijan in the national currency amounted to about 18.918 billion manats, and in foreign currency - 3.874 billion manats.

Azerbaijan and Uzbekistan negotiate signing of agreement

The Central Asian Fintech Association and the Association of Banks of Azerbaijan are negotiating the signing of a partnership and cooperation agreement.

Gold strengthens amid political instability in South Korea and France

Gold continued to strengthen moderately on Wednesday amid political instability in South Korea and France, which is fueling demand for safe assets.

Central Bank currency rates for 4 December

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

SOFAZ increased currency sales

Over Jan-Nov 2024, the State Oil Fund (SOFAZ) carried out the sale of foreign currency in the amount of $6.494 million.

Average commission for money transfers fell below 7%

Introduction of agency banking model begins in Azerbaijan

In Azerbaijan, banks have started to involve third parties in the process of giving loans.

Central Bank: In 9 months, level of dollarization of loans decreased

Manat drops to these currencies

The exchange rate of the manat fluctuated in different directions relative to the currencies of other trading partner countries for Jan-Sept 2024.

CBA: Dollarization of legal entities’ deposits observes decline

Banks’ demand decreased by 10.4% at currency auction

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

Bill on State Budget 2025 adopted in 2nd reading in Milli Majlis

The Parliament (Milli Majlis) has adopted the Bill on State Budget 2025 in the 2nd reading.