Banks increase demand at currency auction 2.2-fold

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: Events in Ukraine affect country's income from oil & gas transportation

In the reporting year, income (transit fee) of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) from transportation of oil and gas through the country amounted to $4.2 million or AZN 7.2 million.

Central Bank currency rates for 20 June

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

A gold miner sells 4,600 ounces of gold in Azerbaijan

Anglo Asian Mining PLC, a producer of gold, copper and silver in Azerbaijan, said that for 7 months from June to December 2023 it held a position on the sale of a forward contract for 4,600 ounces of gold bullion

Central Bank: Growth rate of demand for business loans has slowed much

The growth rate of demand for business loans slowed significantly in the 1st quarter of 2023.

Central Bank currency rates for 19 June

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.

Statement if loan interests could be cut

Central Bank currency rates for 16 June

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

Turkish payment system receives license in Azerbaijan

Turkish payment system Turan Teknoloji Anonim Şirketi (Turan) is planning to obtain a license to operate in Azerbaijan

Three properties of this bank to be put up for sale

Government to allocate €41 million for capital gains of merged bank

Central Bank currency rates for 14 June

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

ABA and Participation Banks Association of Türkiye sign memo

Construction, repair and reconstruction of 100-130 schools are planned annually

In the coming years, the construction, overhaul and reconstruction of 100-130 schools are planned annually at the expense of state funds in Azerbaijan.

Share of digital payments in Azerbaijan to reach 51% in 2023

Digital payments are expected to grow by 25% in the national payment system by 2026, and the share of non-cash transactions in total turnover will reach 55%.

Banks increased demand at currency auction 7-fold

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

Zakir Nuriyev: Transparency of lending and other payments should be increased

The processes of inflation around the world have led to an increase in demand for lending. It also requires increased transparency of fintech companies, lending and other payments.

Volume of non-cash payments in Azerbaijan has doubled

The non-cash payments using Apple iPad and Google Play amounted to AZN 327 million and AZN 107 million manats, respectively, for Jan-May 2023.

Dutch banks cannot freeze the assets of Russians – Cause

A third of banks and other financial institutions in the Netherlands cannot track and freeze the assets of Russian individuals under sanctions.

Central Bank currency rates for 13 June

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

CBA chairman: If interest rates are increased, economic activity will decrease