Minister: 60% of finances already used from budget for restoration of Karabakh and Eastern Zangezur

Great Leader's dream of returning to Karabakh is being realized.

Central Bank currency rates for 6 June

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

Activity of audit company suspended

The activity of audit company PKF Audit Azerbaijan LLC, operating in Azerbaijan, has been suspended.

Brand Credit's revenues and profits lowered – Report

NBCO Brand Credit has published the financial indicators for 2022.

Number of NBCOs in Azerbaijan

Non-bank credit organizations in Azerbaijan will be able to engage in payment mediation services.

Currency exchange offices open again?

CBA chairman: I wouldn't want banks to close

Closing banks is a sensitive issue for me, too.

Taleh Kazimov: Banks not be able to promote cashless payments without fees and commissions

The Milli Majlis has discussed high interest rates of bank transactions

Accounts Chamber cannot audit Central Bank’s monetary policy

The Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship held a meeting at which it covered the new issues relating to the Central Bank of Azerbaijan.

WB Manager for Azerbaijan changes

On July 1, the term of office of the World Bank's Manager for Azerbaijan, Sarah Michael, expires.

MP: High interest rates of bank transactions upset people

People are upset by the high interest rates of bank transactions, it is 1.5-2% more.

MP: If Central Bank reduces inflation, then bank interest rates should also decrease

Bank interests in Azerbaijan are predatory in nature.

In Azerbaijan, it will be difficult to get a stake in NBCO

The procedure for acquiring a substantial interest in the authorized (share) capital of non-bank credit organizations (NBCO) is determined.

Azerbaijan to introduce new fines

New fines are being imposed in Azerbaijan.

VTB Bank (Azerbaijan) OJSC announces tender

Requirements for persons wishing to carry out currency exchange activities to be tightened

The Central Bank of Azerbaijan will set an upper limit on currency exchange operations carried out by persons who have received a license to operate in this area.

Procedure for obtaining banking licenses changes

The procedure for obtaining banking licenses is to be changed.

CBA chairman: We are most concerned about inflation

According to Central Bank’s forecasts, by the end of 2023, GDP growth will be about 1.8% -2%.

Economic independence granted to CBA

It is proposed to grant economic independence to the Central Bank of Azerbaijan.

Number of CBA board members increases

It is proposed to increase the number of members of the Board of the Central Bank of Azerbaijan from 7 to 9.

Central Bank currency rates for 5 June

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