Money transfers from Russia to Azerbaijan observe revival

Money transfers of individuals from Russia to Azerbaijan in Q1 of 2021 amounted to $119.947 million

Capital outflow from Azerbaijan increased by 29%

In the first quarter of 2021 the capital outflow from Azerbaijan amounted to $1.28 bn

Large shortage of tourism services formed

The turnover of mutual tourism services for Q1 of 2021 decreased 5-fold to $110.8 million

Surplus formed in Azerbaijan's balance of payments

In Q1 of 2021 Azerbaijan's balance of payments surplus amounted to $325.9 million

Banks purchased $30.3 million at a foreign exchange 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

Turkish lira begins to strengthen against US dollar

The Turkish lira began to strengthen against the dollar immediately after the meeting between Erdogan and Biden

Threat of card fraud is social in nature

The U.S.-Azerbaijan Chamber of Commerce (AmCham) has presented a package of proposals "White Paper"

Bitcoin has grown in price more than by 10%

Bitcoin, the world's most influential cryptocurrency, surged more than 10% on 13 June

Exchange rate of Azerbaijani manat for 14 June

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

TuranBank celebrates its 29th anniversary

AmCham has given recommendations to Central Bank – A new document

We recommend the Central Bank of Azerbaijan to extend the validity of the long-term deposit insurance strategy or prepare a new one

Union Kredit completed year with loss

Non-bank credit organization Union Kredit LLC completed 2020 with loss of AZN 230,000

Gold and silver have grown in cost

Exchange rate of Azerbaijani manat for 11 June

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

ECB keeps interest rate steady

The European Central Bank has announced interest rate decisions

Banks bought $30.6 million at a currency auction

The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

New deputy chairman appointed at Bank BTB

Kamran Guliyev has been appointed a member of the Board of Directors and deputy chairman of board at Bank BTB

8 banks in Azerbaijan paid profit tax ahead of schedule

Out of the 26 banks operating in Azerbaijan, eight did not wait until the end of the year for payment of profit tax

Günay Bank’s two shareholders sold their shares

Samir Jafarov and Mahir Khalilov, who control 1.12% and 1.1% of the shares of Günay Bank OJSC, respectively, sold their shares

Exchange rate of Azerbaijani manat for 10 June

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

SOCAR's debt to Oil Fund exceeds $1 bn

The amount of SOCAR's debt to the State Oil Fund of Azerbaijan (SOFAZ) for 2016-2020 has been disclosed