Banks with liabilities of over AZN 2 bn

The liabilities of four out of the 26 banks operating in Azerbaijan exceeded AZN 2 bn as of 1 October 2022.

Central Bank currency rates for 14 November

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

High inflation weakens population’s purchasing power

There is high inflation in Azerbaijan today. Not only Azerbaijan, but all countries of the world suffer from inflation.

Strengthening of the manat can have a number of negative consequences

Samir Sharifov: Finances to be allocated from budget for treatment of diabetes and cancer

When drafting the State Budget, recessions and crises occurring on a global scale, oil prices on the world market, as well as indicators within the country were taken into account.

Milli Majlis committees discuss State Budget at a joint meeting

A joint meeting of the Milli Majlis committees on legal policy & state building, on defense, security & anti-corruption, on human rights, on international relations & inter-parliamentary relations has begun.

Central Bank currency rates for 11 November

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

Finance Minister: Funds should be allocated primarily for restoration of liberated territories

First of all, we must allocate finances for the restoration of the territories liberated from occupation

Finance Minister: Each ministry must report on spending of allocated funds

Banks more than halve demand at currency auction

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

Banks with decreasing loan portfolio

The loan portfolio of four out of the 26 banks operating in Azerbaijan as of 1 October 2022 was less than the annual one.

Banks with loan portfolio of over AZN 1 bn

The loan portfolio of four out of the 26 banks operating in Azerbaijan exceeded AZN 1 bn as of 1 July 2022.

Russia's International reserves increased by $6.5 bn

Russia's international reserves as of 1 November 2022 amounted to $547.19 bn (1.2%, or $6.506 bn more than in early October)

Central Bank currency rates for 10 November

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

Baku branch of this bank has closed

The Baku branch of Nakhchivan Bank OJSC has ceased its activities

VTB (Azerbaijan) became the official sponsor of the National Basketball League

Banking Unions Council of Turkic States established

The signing ceremony on establishing the Banking Unions Council of the Turkic States was held in Istanbul, Turkiye.

CBA discussed prospects of cooperation with JP Morgan

Representatives of the Central Bank of Azerbaijan held a meeting with a delegation of one of the largest banks in the world - JPMorgan, discussed prospects for cooperation.

Two Kyrgyz banks stop servicing Mir cards

Two more Kyrgyz banks have suspended the service of Russian Mir cards.

Central Bank currency rates for 5 November

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

Proposal: Income tax can be increased from 2,500 to 5,000 manats