State duty for media in Azerbaijan cut 10-fold

Sberbank leaves Europe

Russia’s Sberbank has decided to leave the European market, given the current situation.

7 Russian banks to be disconnected from SWIFT – Agreement reached

As part of the sanctions against Russia, the EU Permanent Representatives Committee approved the list of seven Russian banks to be withdrawn from the SWIFT global payment system.

Exchange rate of Azerbaijani manat for 2 March

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

Most Azerbaijani banks suspend money transfers from Russia

Ukraine asks to write off $57 bn of its external debt

Many states demonstrate support for Kiev in connection with the Russian-Ukrainian crisis.

Monetary base decreased in Azerbaijan for February

As of 1 March 2022, the monetary base in Azerbaijan amounted to AZN 13.945 bn

Azerbaijan's foreign exchange reserves have grown

Banks increased demand by 39.5% 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 1 March

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

Kazakhstan suspends sale of dollars and euros

The sale of dollars and euros has been suspended in the capital of Kazakhstan, Nursultan and Almaty.

Sale of securities banned in Russia

The Central Bank of Russia has banned foreign shareholders having stakes in Russian companies to sell Russian securities.

Exchange rate of Russian ruble in Azerbaijan has fallen by 22%

Today, the official exchange rate of the Russian ruble (RUB) to the Azerbaijani manat (AZN) is 0.0157 manats (1 manat/63.70 rubles)

Exchange rate of Azerbaijani manat for 28 February

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

Exchange rate of Azerbaijani manat for 25 February

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

Banks with interest expenses of over AZN 40 million

Interest expenses of five out of the 26 banks operating in Azerbaijan exceeded AZN 40 million last year.

16 banks report growth of interest expenses in Azerbaijan

The interest expenditures of 10 out of the 26 banks operating in Azerbaijan were less last year than in 2020.

Banks reduced demand by 6.2% 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

Central Bank of Russia to start intervention in currency market

The Central Bank of Russia has decided to launch interventions in the foreign exchange market to stabilize the situation in the financial market.

NBCOs have more opportunities to take risks than banks

Exchange rate of Azerbaijani manat for 24 February

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