Do Azerbaijani banks have problems with settlements with Russia?

Exchange rate of Azerbaijani manat for 17 June

On 16 June, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7895, the manat-lira rate AZN 1.0982 and the manat-ruble rate - AZN 0.0292.

Azerbaijan may exempt these services from VAT

Banks at currency auction increase demand

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

Fed makes another decision - interest rates raised by 75 basis points

The U.S. Federal Reserve System (FRS) has announced another interest rate decision.

Exchange rate of Azerbaijani manat for 16 June

On 16 June, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7745, the manat-lira rate AZN 1.0985 and the manat-ruble rate - AZN 0.0297.

Two of the largest Wall Street banks to refuse to deal with Russian debt securities

Banks at currency auction reduced demand by 34%

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

EU disconnects several Russian banks from SWIFT

Exchange rate of Azerbaijani manat for 14 June

On 14 June, the manat-dollar rate is AZN 1.70, the manat-euro rate - AZN 1.7717, the manat-lira rate AZN 1.0985 and the manat-ruble rate - AZN 0.0300

72% of finances directed for fixed assets allocated for construction in Azerbaijan

Over Jan-May 2022, the finances for AZN 4.915 bn were directed for the fixed capital.

Money directed for fixed assets decreased for past 5 months

Over Jan-May 2022, the finances for AZN 4.915 bn were directed for the fixed capital, or 3.2% less against Jan-May 2021.

Exchange rate of Azerbaijani manat for 13 June

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

Money transfers to Azerbaijan increased more than by 5%

Money transfers of individuals to Azerbaijan in the first quarter of 2022 amounted to $239.97 million (5.9% more against Q1 of 2021)

SOFAZ's budget expenditures totaled AZN 11.38 bn in 2021

Staff reshuffles at Central Bank of Azerbaijan

PASHA Bank’s chairman of board appointed

According to the decision of the shareholders’ general meeting, since 9 June Javid Guliyev has been appointed chief executive officer and chairman of board at PASHA Bank

Central Bank of Russia lowers discount rate to 9.5%

The Bank of Russia held a board meeting.

Income from cryptocurrency transactions to be taxed

Individuals who receive income from cryptocurrency transactions must obtain an INN by registering at the tax authorities

Capital for over $1 bn withdrawn from Azerbaijan for Q1 of 2022

Exchange rate of Azerbaijani manat for 10 June

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