Exchange rate of Azerbaijani manat for 22 July

The manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7309, the manat-lira rate AZN 0.0959 and the manat-ruble rate - AZN 0.0295.

European Central Bank has raised interest rates

The European Central Bank (ECB) has raised interest rates by 50 points. An increase of 25 points was in the forecast.

Remittances to Azerbaijan grew 3.6-fold this year mainly due to money transfers from Russia

The World Bank has published a report on Azerbaijan.

WB: SOFAZ foreign currency sales slow down

Sales of foreign currency by the State Oil Fund of Azerbaijan (SOFAZ) slowed further in June to $278 million (11% less than a year ago), amid weaker demand for foreign currency.

Nakhchivanbank's deposit portfolio grew more than by 42%

In comparison with 2021, in the 2nd quarter of this year Nakhchivanbank’s deposit portfolio, including deposits of individuals and legal entities, increased by 42.5% up to AZN 169.29 million.

Nakhchivanbank reports a rise of assets by AZN 67.5 million

Nakhchivanbank has released the financial indicators for Q2 of 2022.

New appointments at PASHA Bank

PASHA Bank’s Board has been formed in full.

National Bank of Ukraine lowers hryvnia exchange rate

The National Bank of Ukraine adjusted on Thursday the official hryvnia exchange rate, lowering it from UAH 29.2 per dollar to UAH 36.56.

Banks reduced demand 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.

Bank Eurasia's asset growth exceeds AZN 15 million

The total assets of Bank Eurasia increased by AZN 15.2 million (or 9.1% compared with the end of 2021), and by 30 June 2022 reached AZN 182.69 million.

Data unveiled on bank with half–year’s net profit of AZN 165,000

Bank Eurasia completed the 1st half of 2022 (Jan-Jun period) with net profit of AZN 165,000 (versus net loss of AZN 3.928 million for Jan-Jun 2021)

Exchange rate of Azerbaijani manat for 21 July

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

EBRD's active portfolio in Azerbaijan published

The portfolio of EBRD assets in Azerbaijan amounted to 814 million euro (including unpaid liabilities)

Exchange rate of Azerbaijani manat for 20 July

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

Banks increased demand by 27% 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.

Azerbaijan's foreign exchange reserves have grown

Azerbaijan's foreign exchange reserves amounted to $52.678 bn as of 1 July 2022.

Exchange rate of Azerbaijani manat for 19 July

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

Some NBCOs in Azerbaijan operate at a loss

Exchange rate of Azerbaijani manat for 18 July

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

Manat exchange rate for 15 July 

Integration of banks into open banking platform completed