Iran's deposits in foreign banks decreased

Iran's deposits in foreign banks fell by $5.3 billion to $12.7 billion, ABC.AZ reports with reference to the Bank for International Settlements,

Creation of a Turkish-Russian bank under discussion

The creation of a Turkish-Russian bank to solve problems with payment transfers between the two countries is being discussed

Central Bank currency rates for 5 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

Central Bank currency rates for 2 February

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

SOFAZ’s foreign currency sale grew almost 3-fold at auctions for January

The State Oil Fund (SOFAZ) sold $417 million in January 2024, ABC.AZ reports with reference to SOFAZ.

Monetary base in Azerbaijan reduced for January

As of January 31, 2023, the monetary base in Azerbaijan is 20.27 bn manats

Demand at currency auction increased by 22.6%

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

Turkish banks close accounts of Russian companies

Some banks from Türkiye have started closing accounts for Russian clients.

Central Bank currency rates for 1 February

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

Kapital Bank is awarded by Global Finance

Taleh Kazimov: We see no problems with giving loans for 2.5 million manats by Premium Bank

In accordance with its strategy, Premium Bank has decided to give a loan for 2.5 million manats from angle of business. This can be done if the Central Bank is aware of this loan.

Foreigners’ bank card transactions grew by 1.8%

In 2023, foreigners in Azerbaijan carried out transactions for 2.19 bn manats using bank cards.

Application submitted to CBA for activity as e-money organization

Statement that some banks in Azerbaijan do not accept old dollar bills clarified

Central Bank’s chairman Taleh Kazimov has clarified the matter relating to the fact that some banks in Azerbaijan do not accept old dollars.

Azerbaijani banks to start rendering brokerage services from this year

The Central Bank of Azerbaijan intends to involve local banks in rendering brokerage services starting from this year.

Taleh Kazimov: Starting from next year, we’ll see impact of discount rate on deposit segment

The discount rate in Azerbaijan is expected to affect deposit interest next year.

Azerbaijan's strategic foreign exchange reserves grew by end of 2023

Azerbaijan has published strategic foreign exchange reserves as for the end of 2023.

What will be current account surplus?

It became known what the current account surplus of Azerbaijan will be at the end of 2023.

Taleh Kazimov: Our economic growth to average 3-4% in 2025

Our monetary base has grown by 29.6%.

Supply exceeded demand at 92% of currency auctions

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