Reserve assets of Azerbaijan's balance of payments exceed $9 bn

The reserve assets of Azerbaijan's balance of payments increased by $9.4 bn last year.

Remainder of consolidated balance grew 3.1-fold in 2022

The total balance of Azerbaijan's consolidated balance sheet amounted to $9.4 bn 2022.

Central Bank currency rates for 30 March

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

Russian MTS-Bank stops transfers in Azerbaijani manats

MTS-bank has suspended transfers in Azerbaijani manats via SWIFT system since 29 March amid the lack of demand for this service, ABC.AZ reports, referring to credit institution’s press service.

Increase in discount rate may become a problem for these banks

Raising the discount rate by the Central Bank is a step taken to combat inflation.

Value of cryptocurrency market has risen again to $1.2 trillion

There is a positive trend in the cryptocurrency markets.

CBA has kept its inflation forecast for 2023

In 2023, the Central Bank of Azerbaijan has kept its annual inflation forecast at 8%, ABC.AZ reports with reference to CBA’s decision of monetary policy.

Central Bank raised discount rate

The Central Bank of Azerbaijan (CBA) has raised the discount rate by 25 basis points to 8.75%.

What is situation in UK banking system?

British Deputy Finance Minister for Economic Affairs John Glen made a statement against the background of the crisis of Swiss bank Credit Suisse and the bankruptcy of Silicon Valley Bank (U.S.).

Demand of banks at currency auction on 28 March has doubled

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

VAT amount returned within VAT Return Project in Nakhchivan published

Credit Suisse merges with UBS    

Azerbaijan to announce tomorrow a decision on parameters of interest rate corridor 

Cause of bankruptcy of Silicon Valley Bank unveiled

Manat exchange rate for March 28 

Fed may return to method of raising interest rates

Arab who failed Credit Suisse resigns as financier

Change of bank's management - Alish Tagiyev resigns from his post

Central Bank to decide on discount rate

Exchange rate of manat for today

Azerbaijani financial sector assets grew by 17% last year

As of 1 January 2023, the assets of the financial sector of Azerbaijan amounted to AZN 61.6 bn