Russia, Azerbaijan consider de-dollarization of mutual settlements
The RIAC Director General spoke about possibility of complete abandonment of the dollar in bilateral Russian-Azerbaijani trade and replacing it with rubles and manats
manat
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 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 …
Sudden interest in foreign currency in Turkmenistan
Ashgabat is feeling the pinch from the collapse in demand for its natural gas
"Macroeconomic situation stable in Azerbaijan"
The Central Bank of Azerbaijan has cut the discount rate from 9.75% to 9.25%, chairman of the CBA Elman Rustamov said at a press-conference in Baku. According to him, there are no prerequisites in Azerbaijan for the …
Azerbaijan Central Bank: Manat to remain stable till end of 2018
The formation of the digital economy in Azerbaijan will affect macroeconomic and monetary stability. CBA’s first deputy chairman of board Alim Guliyev has stated at the 3rd International Banking Forum, that the …
Azerbaijan's Finance Ministry to protect manat rate
The Azerbaijani authorities don't rule out that depreciation of currencies of the neighboring countries and trade partners of Azerbaijan increases impact on manat rate, Azerbaijani Finance Minister Samir Sharifov …
Azerbaijan is interested in Gulf countries
The country is on the cusp of an era of economic transformation.
Azerbaijan’s Central Bank to hold deposit auction
Azerbaijan’s Central Bank will hold a deposit auction on August 27 to raise 350 million manat, the banks said in a statement. The auction will be held on the Bloomberg trading platform. The interest rate on …
Presidents of Russia and Turkmenistan talked one-on-one in Sochi
Gurbanguly Berdimuhamedow makes second visit to Bocharov Ruchey for support
WB ready to determine actual value of manat
The World Bank has published conditions for determining the actual value of the Azerbaijani currency. WB chief economist for Europe and Central Asia, Hans Timmer, said that if necessary conditions are created, the …
Azerbaijani Central Bank stabilizes manat rate
The official exchange rate of Azerbaijan’s national currency, the manat, against the US dollar was set at 1.637 for September 20, Azerbaijan’s Central Bank (CBA) said, adding that the manat exchange rate was stabilized. …
Manat strengthened against euro
Official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.6362 manats and 1.8239 manats, respectively, on September 6, Trend reports. According to the currency exchange rate corridor set by the Central Bank …
Fascinating things you didn’t know about Azerbaijan
The Telegraph tells about some features of the Azerbaijani culture and way of thinking
Azerbaijan passes to payment in national currency for study abroad
Azerbaijan changes rules of the tuition fees in foreign universities in the framework of the State program of education of Azerbaijani youth abroad in 2007-2015. According to the decision №235 of the …
Elman Rustamov anounces volume of loans granted to banking sector
The Central Bank of Azerbaijan (CBA) has granted about 1 billion manats to the banking sector, without taking into consideration the swap operations, the head of the Central Bank of Azerbaijan, Elman Rustamov, said. A …
Ban on consumer loans in foreign currency to be extended in Azerbaijan
The Financial Markets Supervision Chamber of Azerbaijan has extended the previous and introduced the new restrictions on consumer lending, Abc.az reports. According …
Central Bank of Azerbaijan dispels rumors about devaluation of manat
The head of the Central Bank of Azerbaijan, Elman Rustamov, has dispelled rumors about the manat's further devaluation on the eve of Novruz. Rustamov noted that the Azerbaijani manat is strengthening. In addition, the state …
Central Bank of Azerbaijan increases discount rate to 5%
The Central Bank of Azerbaijan has increased the discount rate from 3 to 5%. The lower limit of the interest rate corridor for liquidity operations has been set at 2% and the upper limit - at 10%. This decision was made …
Azerbaijani policy of reducing the exchange rate is more successful than the Russian one
Economic projects of Moscow and Baku will get political support, the expert says