Central Bank currency rates for 3 May

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.

SOFAZ doubles sale of currency at auctions

Azericard's deputy director resigned

The deputy director of Azericard processing center operating in Azerbaijan has left his post and will now continue his career in Türkiye.

Demand at currency auction drops by 4.7%

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

CBA's foreign exchange reserves increased by 27%

Monetary base in Azerbaijan reduced by 2%

As of May 1, 2024, the monetary base in Azerbaijan is 19.995 bn manats.

Bokt Icraçı Kredit Agentliyi reduced number of assets

Central Bank currency rates for 2 May

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

Banks’ loan portfolio observed growth of 4% in first 3 months

The monetary base grew by 10.9% at the end of 2023, Central Bank’s chairman Taleh Kazimov said at a press conference devoted to the announcement of the discount rate.

Foreign exchange market is stable

Taleh Kazimov: Policy of neutral discount rate is in range of 6-7%

CBA’s calculations show that the neutral discount rate is in the range of 6-7%.

Are closed banks’ deposits returned on time?

What will be fate of Naxçıvan Bank?

There are no problems with the financial condition of Naxçıvan Bank

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Taleh Kazimov: Current account balance at end of this year to be $7 bn

The Chairman of the Central Bank, Taleh Kazimov, announced the projected current account balance for the end of 2024.

Central bank reduces inflation forecast

The Central Bank of Azerbaijan (CBA) reduced the inflation forecast for 2024 (April forecast: 3.5% for 2024 and 4.2% for 2025).

Central Bank lowers discount rate

The Board of the Central Bank of Azerbaijan (CBA) has decided to reduce the discount rate by 0.25 percentage points - from 7.5% to 7.25%.

Central Bank currency rates for 1 May

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

In three months, deposit portfolio of banks increased by 0.8%

As of April 1, 2024, the deposit portfolio of Azerbaijani banks amounted to 34.812 bn manats (262.7 million manats, or 0.8% more than at the end of last year)

Banks increased demand by 2.25% at currency auction

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1,7000 AZN/USD.

EDF deposits in banks increased by 28.6%