World Bank’s statement on Azerbaijan

It is expected that the war between Russia and Ukraine will have a negative impact on the economy of Azerbaijan

Russia and China to create a new international currency

As sanctions against Russia are having their effect, Moscow is plunging into the search for new steps to avoid an economic crisis.

Fitch downgrades ratings of 31 Russian banks

International rating agency Fitch has downgraded the long-term ratings of 31 Russian banks to CCC from B.

Exchange rate of Azerbaijani manat for 16 March

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

Central Bank of Russia halts purchase of gold from banks

Money transfers from Azerbaijan to Georgia reduced for past 2 months

The money remittances in the amount of $9.2 million were made from Azerbaijan to Georgia and for $2.9 million from Georgia to Azerbaijan over Jan-Feb 2022.

Banks at currency auction increased demand 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

WB forecast: Ruble may devalue

The sanctions imposed against Russia will have greater impact on the global economy than the situation in Ukraine.

Exchange rate of Azerbaijani manat for 15 March

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

State Budget has surplus of over AZN 1.9 bn

The Azerbaijani State Budget revenues for Jan-Feb of this year totaled AZN 4.626 bn and expenditures AZN 2.685 bn.

What will be fate of ruble?

Russia cannot use reserves of $300 bn

The Russian government does not have access to the $300 bn reserve.

Exchange rate of Azerbaijani manat for 14 March

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

Azerbaijan signed loan agreements for $415 million last year

New powers given to Central Bank of Russia

The State Duma of Russia has adopted in the 1st reading a bill defining special regulation of the financial market and corporate relations.

Azerbaijan ranks 1st in region on quality of banking sector assets

According to the results of 2021, the return on assets of the banking sector of Azerbaijan made up 1.73% (0.03% less year-on-year)

Banks at currency auction increase demand by 3.7 times

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

Sarah Michael: Azerbaijan's banking sector is comparatively not large

Exchange rate of Azerbaijani manat for 11 March

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

Central Bank of Russia makes a new decision on dollar rate

The Central Bank of Russia has announced the official exchange rate for 11 March 2022.

Exchange rate of Azerbaijani manat for 10 March

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