Central Bank’s chairman: Our interest rates on loans are less than in neighboring countries

In Azerbaijan, interest rates on loans are lower compared with the countries of the region.

Amount of compensation paid to Bank Standard’s depositors made public

Russia's international reserves grew by $1.8 bn in a week

Russia's international reserves as of June 16, 2023 amounted to $587.5 bn, a rise of $1.8 bn for the week.

Regional currencies lose value

Over the past month, the Turkish lira has fallen by 18.7% to the US dollar, by 5.9% to the Russian ruble, by 3.1% to the Georgian lari, and by 1.2% to the Kazakhstani tenge. The strengthening of the US currency on the world market also affects regional currencies.

Central Bank currency rates for 23 June

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

Bank of England raised rate to 5.00%

The Bank of England raised the rate for the 13th time in a row, this time by 50 basis points (bp), to 5.00% per annum, bank’s website informs.

Three companies associated with Umico under liquidation

Two companies are being liquidated in Azerbaijan.

SOFAZ budget has changed - Presidential Decree

President Ilham Aliyev has amended the decree from December 30, 2022 "On the budget of the State Oil Fund for 2023".

Central Bank of Türkiye announced increase in key rate

The Central Bank of Türkiye has raised its key rate from 8.5% to 15% as part of measures to combat crisis phenomena in the country's economy and tighten monetary policy.

Rashad Orujev: We cannot keep accurate statistics on amount of transactions in electronic money market

Today, Azerbaijan does not keep accurate statistics on the amounts of transactions in the electronic money market.

Foreign currency sales declined by 42.64% at currency auctions of Azerbaijan

In the 1st half of 2023, currencies for $1.57 bn were sold at currency auctions held by the Central Bank of Azerbaijan jointly with the State Oil Fund

Citizens have right to request certain information from banks – Statement

Demand of banks at currency auction decreased by 13%

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

Over 5 years, number of card transactions has increased 12-fold

Currently, Azerbaijani citizens have 13.6 million payment cards, including 86.6% of debit cards and 13.4% of credit cards.

Azerbaijani manat rate is under pressure from rise in prices

The Azerbaijani manat exchange rate is under pressure from the rise in prices.

Compensation to be paid for erroneous payments

The payment service provider must execute the payment order no later than the next business day from the date of its acceptance for execution.

Azerbaijan to allow issuing electronic money

The issue of electronic money will be permitted in Azerbaijan.

Central Bank currency rates for 22 June

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

Mastercard enters the cryptocurrency market

Lufthansa to sell AirPlus to Swedish company for €450 million

Lufthansa is going to sell its corporate payment service provider, AirPlus.

Cash dollar purchase by banks exceeds sale first time in last 5 years