Russia becomes leader in money transfers to Azerbaijan
Since the beginning of the year, Russia has transferred $287 million to Azerbaijan. The volume of transfers to Azerbaijan from abroad decreased by 36.35% and amounted to $567.8 million.
Central Bank of Azerbaijan
Azerbaijan's foreign exchange reserves exceed $66 bln
Azerbaijan's strategic foreign exchange reserves have grown by 17% and will amount to $66.5 billion by the end of 2023, governor of the Azerbaijani Central …
Azerbaijan lowers refinancing rate
The Central Bank of Azerbaijan lowered the discount rate today from 8% to 7.75% According to the bank, the top limit of the interest rate …
Central Bank of Azerbaijan lowers interest rate
Azerbaijan's Central Bank (CBA) has lowered the benchmark interest rate from 8.5% to 8%. According to the CBA …
Azerbaijan discusses cooperation with World Bank
Chairman of the Central Bank of Azerbaijan talked with the World Bank's new manager. One of the main topics of the meeting was the cooperation for the next 5 years.
Azerbaijan may introduce digital manat
The Central Bank of Azerbaijan (CBA) has all the resources and opportunities to introduce digital manat, the CBA governor Taleh Kazimov said during a press …
Azerbaijan's Central Bank keeps discount rate
The Central Bank of Azerbaijan (CBA) has left its discount rate at 9%, the regulator said in a statement. "The lower and …
Azerbaijan to put new manat banknotes into circulation by autumn
New banknotes of one manat will be put into circulation from August or September this year, Governor of the Central Bank of Azerbaijan Taleh Kazimov …
Russia increased money transfers to Azerbaijan
Baku reported that there had been a high growth in money transfers of individuals to Azerbaijan from Russia. The amount of transfers for the three months of this year amounted to over 300 million euros.
License of one of Azerbaijani oldest banks revoked
The license of Azerbaijan's Gunay Bank OJSC has been revoked, according to the Central Bank of Azerbaijan. By the decision of the Board of Directors of Azerbaijan's Central Bank on May 16, 2023, the license of Gunay Bank …
Azerbaijani Central Bank’s foreign exchange reserves revealed
The foreign exchange reserves of the Azerbaijani Central Bank amount to over $9.1 bln, the monetary base is almost $17.6 bln, Governor of the Central Bank of Azerbaijan Taleh Kazimov said. According to him, the macroeconomic indicators …
Central Bank of Azerbaijan decides to raise discount rate
The Central Bank of Azerbaijan raised the discount rate by 0.25% - from 8% to 8.25%. At the same time, the lower limit of the interest corridor is set at 6.25% (an increase of 1.25%), and the upper limit is at 9.25%, Sputnik Azerbaijan …
Azerbaijan to introduce Google Pay services
The Central Bank of Azerbaijan is constantly working on expanding financial inclusion and increasing the availability of financial services, CBA Executive Director Farid Osmanov said on the sidelines of a press conference on July 29. …
Azerbaijan's Central Bank predicts gradual decline in inflation
According to forecasts, annual inflation in Azerbaijan will gradually decrease to single digits with a favorable change in external factors in 2023, Governor of Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press conference on …
Azerbaijan to issue gold and silver "football" coins
The Central Bank of Azerbaijan has announced the issuance of gold and silver coins dedicated to the 2022 FIFA World Cup in Qatar. The coins' sale will be carried out by the German company MDM Münzhandelsgesellschaft …
Azerbaijan's Central Bank chairman relieved of his post
The proposals of Azerbaijan's President Ilham Aliyev on the dismissal of Elman Rustamov from the post of a Chairman of the Central Bank and the appointment of Taleh Kazimov to this position were discussed at a meeting of Azerbaijan's …
Central Bank of Azerbaijan discloses amount of foreign currency bought by local banks
The Central Bank of Azerbaijan (CBA) held a foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ), during which Azerbaijani banks bought $70.7 million, Trend reports citing CBA. According …
Azerbaijan's Central Bank decreases interest rate to 7.25%
The Board of the Central Bank of Azerbaijan has decided to reduce the interest rate by 0.25 percentage points from 7.5 to 7.25%. The lower threshold of the interest rate corridor was reduced from 5.75 to 5.5%, while the upper threshold …
Azerbaijan's Central Bank cuts interest rate
The Central Bank of Azerbaijan has decided to cut the interest rate by 25 points from 7.75% to 7.5%, according to the CBA press service. The lower threshold of the interest rate decreased from 6% to 5.75%, the upper threshold - …
Azerbaijan's Central Bank lowers discount rate to 7.75%
The Central Bank of Azerbaijan has reduced the discount rate from 8 to 7.75%, CBA Chairman Elman Rustamov said at a press conference. Rustamov noted that the stabilization of oil prices in recent months, low …
