US dollar may rise in price – it depends on Fed's decision

.  By the end of 2022, the U.S. Federal Reserve System (Fed, U.S. Central Bank) is expected to raise interest rates on foreign exchange markets to 4.25-4.5%.

Central Bank currency rates for 21 September

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

Spending on housing and communal services increase

This Turkish bank to continue work with Mir card

Ziraat Bank (Turkey) does not stop servicing Mir cards.

Ukraine spends 60% of its budget on war every month

The deficit of the State Budget of Ukraine by the end of 2022 may reach $30 bn.

Banks lower demand at currency auction by 16.3%

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

Two Turkish banks halt acceptance of Russia’s Mir cards

The largest private bank in Turkey, Iş Bankası, has stopped cooperation with Russian payment system Mir.

Central Bank currency rates for 20 September

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

Oil bonus of $3.6 bn to be paid within 7 years - Details

Central Bank’s net financial liabilities decreased

Over Jan-Jun the net financial assets on loans and borrowings increased by $30.3 million and net financial liabilities decreased by $754.3 million.

A bank that forms most of its income from a loan

The sources of income of Nakhchivanbank have been published. Following the 1st half of 2022 the total income of Nakhchivanbank amounted to AZN 12.5 million.

Credit debts of servicemen who died in recent battles written off

The Presidium of the Association of Banks of Azerbaijan (ABA) has held an expanded meeting on 16 September 2022.

EBRD’s Trade Facilitation Program (TFP) and Bank Respublika OJSC support trade finance in Azerbaijan - Photo

Central Bank currency rates for 19 September

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

Russian Central Bank lowers discount rate to 7.5%

Azerbaijan's foreign exchange reserves grew by 5% for past 8 months

Azerbaijan's strategic foreign exchange reserves amount to $55.9 bn.

CBA: Supply exceeds demand this year at 77% of currency auctions

Since the beginning of 2022 the supply exceeded demand at 77% of currency auctions held by the Central Bank of Azerbaijan.

CBA statement: Manat strengthens

Central Bank issues a statement on discount rate - Details

The Central Bank of Azerbaijan has kept the discount rate at 7.75%.

Azerbaijan’s budget revenues to be approved at AZN 30.7 bn

The revenues of Azerbaijan’s consolidated budget for 2023 are to be endorsed at the level of AZN 32.939 bn and expenditures – AZN 37.9 bn.

Central Bank currency rates for 16 September

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