Gold has fallen in price

Exchange rate of Azerbaijani manat for 30 November

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

Azerbaijani banks’ foreign liabilities decreased

The external liabilities of the Azerbaijani banks amounted to AZN 1.23 bn as of 1 November 2020

Deutsche Bank may leave Russian market

American observers advised Deutsche Bank to withdraw from the Russian market

Azerbaijan made 88% of compensation payments on 4 liquidated banks

List of banks whose deposit portfolio reduced

By 1 October 2020 the deposit portfolio of some of the 26 banks in Azerbaijan has lowered.

Azerbaijani population`s interest to non-cash payments has increased

The Azerbaijani population made 38.109 million non-cash payments for AZN 1.678 bn through POS terminals in the country for Jan-Oct 2020 versus 19.77 payments for AZN 1.52 bn for Jan-Oct 2019), ABC.AZ reports with reference to the Central Bank.

Gold has grown in price slightly, while silver fallen in price

Gold and silver prices have been declared at the world exchanges.

Exchange rate of Azerbaijani manat for 27 November

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

MP proposed to extend Law on Full Deposit Insurance

MP Vahid Ahmadov proposed to extend the validity of the Law on Full Deposit Insurance by another 1 year.

Central Bank sold $56.2 million to banks at currency auction

As a result of the auction, the weighted average exchange rate of the manat to the US dollar was AZN 1.70

Reduced and increased types of bank deposits for October

Banks report about decline in term deposits

Azerbaijani banks` liabilities decreased

Gold has grown more than by $3

Exchange rate of Azerbaijani manat for 26 November

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

Problem loans declined over the past year

The non-performing loans decreased by 20.9% compared with the beginning of the year and by 27.3% over the past year

Problem loans in credit institutions decreased by about 6%

The amount of overdue loans of credit institutions of Azerbaijan in October 2020 amounted to AZN 1.6 bn

Banking sector revenues decreased by about 17%

Banks operating in Azerbaijan completed the Jan-Oct term with net profit of AZN 478 million.

Demand for gold falls – Causes

Amid the growing risk in the financial markets, the demand for gold is also declining

US dollar continues to fall in price

After the positive news about Covid-19 vaccination, the US dollar is having a hard time.