Central Bank currency rates for 2 November

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

CBA's foreign exchange reserves grew by 1.8% in October

The foreign exchange reserves of the Central Bank of Azerbaijan as of 31 October 2022 amount to $7.803 bn.

Nakhchivanbank loan portfolio grew by AZN 46.99 million

As of 30 September 2022, Nakhchivanbank had assets totaling AZN 343.2 million, including loan portfolio (loans to customers) in the amount of AZN 171.97 million.

Net profit of this bank more than doubled

Nakhchivanbank completed the Jan-Sept term of 2022 with net profit of AZN 12.4 million. Compared with Jan-Sept 2021, its net profit increased 2.1-fold.

Birbank cardholders earned AZN 2.6 million cashback in October

Banks increased demand at currency auction more than by 75%

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

Central Bank currency rates for 1 November

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

Public confidence to banks has grown – number of deposits increased

Population's bank deposits increased by AZN 367.3 million up to AZN 11.225 bn this September.

Central Bank of China lowers exchange rate of yuan to US dollar

The People's Bank of China (central bank) lowered the yuan exchange rate by 70 points on Monday, to 7.1768 per dollar

Central Bank currency rates for 31 October

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

Central Bank: Some changes to strengthen restraining effect on inflation

Since the last meeting, there have been a number of changes in monetary conditions that will strengthen the restraining effect on inflation

Number of bank employees increased by 13.5%

The Central Bank has announced the number of bank employees in Azerbaijan.

Assets of Azerbaijan's banking sector grew more than by 26%

As of 1 October 2022, the assets of the banking sector of Azerbaijan amounted to AZN 43.6 bn (26.4% more against the indicator as of 1 October 2021.

Problem loans in Azerbaijan decreased more than by 25%

As of 1 October 2022, the amount of overdue loans in Azerbaijan amounted to AZN 649.5 million (1.5% less than on 1 September 2022), the CBA informs.

Azerbaijan observes increase of money transfers for this reason

Chief banker: We don’t know steps that could fall under sanctions

Taking into account the sanctions imposed by Western countries against Russia, the CBA continues to exercise control in this direction

Taleh Kazimov: Discount rate starts to have real impact on market

The Central Bank raised the discount rate, in connection with which Taleh Kerimov held a press conference on this occasion.

Taleh Kazimov: Our main goal is to make discount rate affect market faster

The application of a new operating system of monetary policy in Azerbaijan since 1 September has begun to affect interest rates on the interbank market.

Azerbaijan's currency reserves exceed $55 bn

Azerbaijan's foreign exchange reserves have increased by 3.5% since the beginning of this year and reached $55.1 bn.

CBA increases discount rate to 8%

The Central Bank of Azerbaijan has increased the discount rate by 25 basis points up to 8%.

Russian central bank may raise discount rate – Forecasts

By the end of 2022, the Central Bank of Russia may keep the discount rate at 7.5% per annum or increase it to 7.75%.