Taleh Kazimov: Azerbaijan increased exports of domestic goods 15.6-fold in 20 years

The foreign exchange reserves of the Central Bank of Azerbaijan currently exceed $9.189 bn, and the monetary base is almost $17.61 bn.

Zakir Nuriyev: We see no need to apply to foreign banks for opening of deposits

The financial sector is developing rapidly in Azerbaijan.

NBCO, whose funds reduced by 30,000 manats

Regional NBCO has announced the results of 2022.

CBA issues new banknotes in honor of the 100th anniversary of Heydar Aliyev

From May 10, the Central Bank of Azerbaijan (CBA) will issue banknotes dedicated to the 100th anniversary of Heydar Aliyev.

President’s aide: Our strategic currency reserves grew 41-fold

Azerbaijan's strategic foreign exchange reserves have increased 41-fold compared to 2003 and reached $65.9 bn as of April of this year.

Central Bank currency rates for 5 May

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.

ECB raises interest rates

The European Central Bank (ECB) raised its key rate by 25 basis points to 3.75%. The regulator also increased the deposit rate to 3.25% by 25 bps.

AccessBank signed a credit agreement with Enabling Qapital Ltd

Banks lower demand at currency auction by 36%

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

Ex-CEO of Mastercard elected president of WB

The new president of the World Bank has been elected.

Central Bank currency rates for 4 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.

Average rate on consumer loans for purchase of a car decreased

The average rate on consumer loans given for purchase of a car in Azerbaijan in the 1st quarter of 2023 decreased by 1 percentage point (p.p.) to 14% per annum.

Central Bank provides opportunity to insure real estate digitally

CBA: We have no plans to issue banknotes with high denomination

The Central Bank of Azerbaijan has no plans to increase the nominal value of the national currency - the manat, as well as to put into circulation new banknotes with higher face value.

New strategy for financial sector to be approved in coming months

Central Bank’s new strategy developed for the financial sector will be approved by mid-2023.

Dollarization of individuals’ deposits declines

Taleh Kazimov: I consider banks’ financial condition as satisfactory

In general, I consider the financial condition of the banks as satisfactory

Banks’ loan portfolio increased 1.4% for March

In March, the loan portfolio of banks increased by 1.4%, or by AZN 281.2 million, to AZN 20.038 bn.

Banking sector external liabilities increased in March

This March, the external liabilities of the banking sector increased by AZN 390.1 million versus early 2023 up to AZN 2.15 bn.

Non-cash payments amounted to AZN 3.439 million for March

This year, the volume of non-cash transactions within the country has doubled against the relevant term of 2022.

Central Bank: High uncertainty about inflation factors remains

There remains high uncertainty about the factors of inflation in the global and national economy