Binance set to limit Russia services after EU sanctions

Binance Holdings Ltd., the world’s largest cryptocurrency exchange by trading volume, is set to limit services for Russian persons or entities with crypto assets exceeding the value of 10,000 euro ($10,885)

Azerbaijani banks’ demand at currency auction grew by 33.7%

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

Accounts Chamber ends last year with loss

The Accounts Chamber of Azerbaijan completed 2021 with loss of AZN 22,000. While 2020 was completed by the organization with profit of AZN 71,000.

Russian banks not to be able to issue UnionPay cards under sanctions

Large Russian banks that have been sanctioned by Western countries will not be able to issue UnionPay cards.

Alfa-Bank sells its subsidiary in Kazakhstan to another domestic bank

The Kazakh subsidiary of Alfa-Bank, which has been sanctioned, will be sold to another bank operating in this country - CenterCredit.

Exchange rate of Azerbaijani manat for 21 April

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

Frozen Russian assets to be used in this case

The decision on the use of frozen Russian assets will be made at the global level.

Ali Masimli: Accounts Chamber presents a weaker report this year

This year, the Accounts Chamber has submitted a weaker report to Milli Majlis compared with the reports for the previous two years.

In 2021, 42 audits of Accounts Chamber covered more than 500 objects

In 2021, the Accounts Chamber conducted 46 external state financial audits (42 audits, 2 analytical measures, 2 monitoring)

Violations for over AZN 80 million revealed at state agencies

The report of the Accounts Chamber for 2021 has been published.

Exchange rate of Azerbaijani manat for 20 April

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

Demand at currency auction declined by 24%

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

New Zealand imposes sanctions on Russian financial institutions

New Zealand imposes sanctions on the largest Russian banks and financial institutions because of the situation in Ukraine.

Azerbaijan's currency stocks increased by 6.7% year-on-year

Azerbaijan's foreign exchange reserves grew by 0.6% for Q1 of 2022

Azerbaijan's foreign exchange reserves as of 1 April 2022 amounted to $52.4 bn.

Exchange rate of Azerbaijani manat for 19 April

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

A new member of board appointed at Bank VTB (Azerbaijan)

Tural Huseynov has been appointed a new member of board at Bank VTB (Azerbaijan).

Bank BTB observed decline on some indicators

By the end of Q1 of this year, Bank BTB allocated AZN 3.2 million for creation of reserves to cover possible losses on assets.

Bank that suffered operating loss of AZN 93,000 in 1st quarter of 2022

In the 1st quarter of 2022, the administrative expenses of Bank BTB decreased sharply – by 42%.

Bank BTB started the year with loss

Bank BTB started 2022 with loss.

Central Bank of Russia to soften capital controls

The leadership of the Central Bank of Russia announced gradual easing of capital controls