Central Bank currency rates for 19 April

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

Carstens: Central banks' interest rates should remain high for a long time

The limits of economic stability are not determined by interest rates or debt levels, ABC.AZ reports, quoting Agustín Carstens, the president of the Bank for International Settlements.

SOFAZ spent AZN 5.1 million on fund management for past quarter

SOFAZ’s assets amounted to $53.437 bn as of March 31, 2023 (9% more than at the beginning of 2023 - $49.03 bn).

69.9% of finances in SOFAZ investment portfolio account for US dollars

The total investment portfolio of the State Oil Fund (SOFAZ) for the 1st quarter of this year amounted to $53.437 bn.

SOFAZ assets exceed $53 bn

As of April 1, 2023, the assets of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $53.437 bn.

Kapital Bank has released financial results for the first quarter of 2023

Demand at currency auction decreased by 38%

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

State Budget revenues from paid services grew by 20% for Q1

Azerbaijani State Budget revenues from the work performed and paid services rendered by State Budget-financed departments and organizations amounted to AZN 198.4 million (20.2% more against Jan-Mar 2022)

SOFAZ fulfils budget commitments in 1Q by 44% less than forecast

The State Oil Fund of Azerbaijan (SOFAZ) transferred AZN 1.576 bn to the State Budget for Jan-Mar 2023.

Central Bank currency rates for 18 April

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

Gold has risen slightly in price

Gold prices rose after falling almost 2% on Friday

Azerbaijani population’s income increased

The nominal income of the Azerbaijani population amounted to AZN 18.479 bn.

Banks' credit investments have grown

As of 1 March 2023, credit investments of state-owned banks in Azerbaijan amounted to AZN 3.929 bn.

ECB governor does not believe in possibility of default in U.S.

The U.S. cannot allow a default on debt obligations

Change of decision on raising interest rates

The European Central Bank, which has been raising interest rates for some time to combat high inflation, is changing this decision

Fed to stop growth of interest rates after recent bankruptcy of U.S. banks

More cautious behavior of U.S. banks after recent bankruptcies may stop Fed's interest rates from rising

Central Bank currency rates for 17 April

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

Bitcoin exchange rate exceeds $31,000

The bitcoin exchange rate exceeded $31,000 for the first time since 8 June 2022, ABC.AZ reports that this follows from CoinGecko data.

Brazilian leader urges to refuse from US dollar

Brazilian President Luiz Inacio Lula da Silva, during his first state visit to China, called on developing countries to abandon the dollar in favor of their currency in international trade.

Central Bank currency rates for 14 April

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

Money transfers from Russia to Azerbaijan grew almost 5-fold

In 2022, money transfers from Russia to Azerbaijan increased almost 5-fold and approached $3 bn.