Oil Fund’s transfers to State Budget reduced

The State Budget received AZN 4.648 bn from the State Oil Fund against projected AZN 6.36 bn.

Azerbaijan's consolidated budget for 2022 has surplus

In the 1st half of 2022, the revenues of the consolidated budget of Azerbaijan amounted to AZN 18.149 bn and expenditures – AZN 14.3 bn.

Banks doubled 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.

Exchange rate of Azerbaijani manat for 5 July

On 5 July, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7744, the manat-lira rate AZN 1.1010 and the manat-ruble rate - AZN 0.0302.

Banks in process of liquidation

Azerbaijan Deposit Insurance Fund’s executive director Tural Piraliev named the closed banks, the liquidation process of which will be completed this year.

Meta closes pilot crypto project Novi

American corporation Meta has decided to close the Novi crypto project.

Exchange rate of Azerbaijani manat for 4 July

The manat-dollar rate is AZN 1.70 , the manat-euro rate - AZN 1.7727, the manat-lira rate AZN 1.1015 and the manat-ruble rate - AZN 0.0305

CBA reports growth on exchange reserves for past half of 2022

Monetary base in Azerbaijan has shrunk for 6 months

As of 30 June 2022, the monetary base in Azerbaijan amounted to AZN 15.65 bn.

SOFAZ lowers sale of currency

The State Oil Fund (SOFAZ) sold foreign currency for $278.1 million at currency auctions for June 2022 (against $288 million in May)

Exchange rate of Azerbaijani manat for 1 July

The manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7773, the manat-lira rate AZN 1.1018 and the manat-ruble rate - AZN 0.0312.

Central Bank of Sweden has raised discount rate

The State Bank of Sweden raised on Thursday the refinancing rate from 0.25% to 0.75%.

Banks increased 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

Exchange rate of Azerbaijani manat for 30 June

On 30 June, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7771, the manat-lira rate AZN 1.1023 and the manat-ruble rate - AZN 0.0321.

U.S. has frozen $330 bn of Russian assets

Siluanov: We ready to invest in friendly countries’ currencies to influence exchange rate

The Russian Finance Ministry is considering the possibility of influencing the ruble exchange rate against the dollar and euro by buying the currency of friendly countries.

Exchange rate of Azerbaijani manat for 29 June

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

PASHA Bank's profit decreased more than by 10%

PASHA Bank Group announced decline in profit for 2021, ABC.AZ reports with reference to the press conference of the bank's management.

PASHA Bank rep: This creates problems with money transfers

In 2021, PASHA Bank Georgia suffered losses of a large amount

The net loss of PASHA Bank Georgia amounted to AZN 2.1 million in 2021.

Banks at currency auction reduced demand by 71%

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