Azerbaijan`s Oil Fund sold foreign currency for $606.4 million in September

Central Bank`s currency reserves increased

The foreign exchange currency reserves of the Central Bank of Azerbaijan observed growth for September 2020

Central Bank sold $62.8 million to banks at currency auction

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

Use of instant payment system to be free of charge until 1 July 2021

The Central Bank of Azerbaijan has launched the instant payment system in full mode

Gold and silver have grown slightly in price

Exchange rate of Azerbaijani manat for 1 October

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

Lending to these sectors grew by AZN 54 million

Payments to closed banks depositors continue – over AZN 500 million paid

As of 29 September the Azerbaijan Deposit Insurance Fund paid more than AZN 537 million to 22,757 depositors of AG Bank, Amrah Bank, NBC Bank and Ata Bank

Quantity of cash machines grew by 23

The Central Bank has unveiled some statistics on the banking sector as of 1 September 2020

Baku numbers over 36,000 POS terminals

The Central Bank has published the number of POS terminals installed in Azerbaijan and noted that as of 1 September 2020 the indicator reached 56,547 terminals

Number of POS terminals in country has decreased

During the month the number of POS terminals in Azerbaijan increased by 1,060 units or 1.9% up to 56,547 terminals as of 1 September 2020

Forecast: Euro and British pound may fall in price

The procedures taking place in the global economic and political arena have led to the fact that the US dollar remained under pressure from the euro and the British pound.

Gold and silver have fallen in price

Gold and silver prices have been declared on world exchanges

Exchange rate of Azerbaijani manat for 30 September

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

Azerbaijan Deposit Fund: Giving of compensation to closed banks’ depositors comes to an end

As of 28 September the Azerbaijan Deposit Insurance Fund (ADIF) has paid more than AZN 536.2 million to 22,719 depositors of closed banks AG Bank, Amrah Bank, NBC Bank and Ata Bank

Central Bank sold $62.2 million to banks at currency auction

The weighted average exchange rate of the manat to the US dollar was AZN 1.70

Turkish lira steadily gets cheaper – Cause

On 28 September, the Turkish lira fell by 1% to the US dollar and updated its historical low, falling to 7.8 liras

Exchange rate of Azerbaijani manat for 29 September

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

Well–known financial agency`s forecast on Azerbaijani banks

S&P Global Ratings Agency has published a forecast concerning the commercial banks in Azerbaijan

Central Bank reports on cash available outside of banks

The Central Bank issued a statement about broad money supply in Azerbaijan as of 1 September 2020

Money supply has grown for past month

The broad money supply in Azerbaijan amounted to AZN 26.9 bn as of 1 September 2020