Demand at Central Bank's currency auction grew by 17.3%

At the foreign exchange auction on December 21, the demand of banks amounted to $89.7 million and was fully secured

Mərkəzi Bankın valyuta hərracında tələb 17,3% artıb

Dekabrın 21-də keçirilən valyuta hərracında bankların tələbi 89,7 milyon dollar təşkil edib və tam təmin edilib

Export of these services from Azerbaijan grew 2.4-fold

Azerbaijan imported professional and management consulting services for $47.52 million for Jan-Nov 2023 (a rise of 43% versus Jan-Nov 2022).

Central Bank currency rates for 21 December

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

MP: Banks still highly assess credit risk in districts

Why are loan interest rates in districts higher than in Baku?

Loans in the districts are 2-fold times more expensive than in Baku

Red Hearts Foundation celebrates its 3rd anniversary

Supply exceeds demand at 95% of currency auctions

This year, the Central Bank of Azerbaijan (CBA) bought $1.4 billion in the foreign exchange market.

CBA lowers discount rate

The Central Bank of Azerbaijan (CBA) has lowered the discount rate from 8.5% to 8%.

Central Bank currency rates for 20 December

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

Demand at Central Bank's currency auction increased by 8%

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

Central Bank currency rates for 19 December

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

S&P Global Ratings forecast: Profitability of Azerbaijan's banking sector to remain stable next year

"Next year, the profitability of Azerbaijan's banking sector will remain stable and will be at the level of 2022."

Kapital Bank USD deposits are advantageous

Central Bank currency rates for 18 December

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

This country’s money transfers to Azerbaijan grew by 30%

The volume of money transfers from the Turkish Republic to the population of Azerbaijan increased by 30%.

Azerbaijan cuts production of gold and silver

Azerbaijan produced 2,507.9 kg of gold and 3,762.2 kg of silver for Jan-Nov 2023, ABC.AZ reports with reference to the State Statistics Committee

Azerbaijani population’s income increased by 12.2%, but prices did not remain stable either

Over Jan-Nov 2023, population’s nominal income per capita reached 6,917.1 manats.

Birbank introduces innovation in the banking sector: Digital Deposit

Remainder of $6.4 bn generated in balance of payments

Central Bank: Azerbaijan's current account surplus drops more than by 62%

The current account surplus of Azerbaijan's balance of payments in the third quarter of 2023 reached $6.7 bn (2.6-fold less versus Q3 of 2022).