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Azerbaijani banks bought $18.37 million from the Central Bank of Azerbaijan (CBA) at a special auction on February 5. "The Central Bank put $200 million up for sale, but the total demand of banks for foreign …
An IMF delegation led by the head of the mission on Azerbaijan, Muhammad el Gorchi, issued a statement summarizing the results of its visit to Baku, held from January 28th to February 3rd. The document notes that …
The socio-economic development of the regions was encouraged by the state program for their development
The Central Bank of Azerbaijan (CBA) has begun a restructuring of the banking sector and implementation of measures to strengthen its financial stability and risk management, CBA Chairman Elman Rustamov stated today during an …
Within two days, the Ministry of Finance of Azerbaijan has issued government bonds at a substantial sum: the day before, government-guaranteed securities in the amount of 500 million dollars were issued, today 1.5 million short-term bonds and 2.5 …
The participation in the 46th annual session of the World Economic Forum in Davos was very productive for Azerbaijan: including arrangements with foreign companies and the positioning of the republic in the world market as a whole, Rovshan …
Over the past year Azerbaijan spent almost two-thirds of its gold and currency reserves. Thus, according to the Central Bank of Azerbaijan (CBA), on December 31st 2014 the volume of gold and currency reserves was estimated at 13.758 billion …
Azerbaijan will not privatize SOCAR or implement additional measures to support the national currency, Azerbaijani President Ilham Aliyev told RIA Novosti on the sidelines of the Davos Forum. "As for the ...
In Azerbaijan the adopted state budget for 2016 may be revised due to low energy carriers' prices and devaluation of the manat, the Chairman of Parliamentary Committee on Economic Policy, Enterprise and Industry Ziad …
Caucasian domestic and foreign conflicts through the eyes of local media
Analysts at the US private intelligence company Stratfor have expressed their opinion on the causes of the protests in the regions of Azerbaijan. Being an oil-producing country, Azerbaijan is experiencing the serious consequences of …
The Azerbaijan Tourism Association proposes measures to ensure the influx of foreign tourists to the country, the head of the Association Nahid Bagirov stated today. "The proposals involve provision of domestic …
The Central Bank of Turkmenistan has ordered banks to stop the conversion of the national currency, the manat, into foreign currency in the cash market for the population, Turkmenporta information portal reported. At the same time, …
The national currency of Azerbaijan showed an increase against the US dollar for the first time since the country introduced a floating exchange rate of manat. At the rate set by the Central Bank for January 13th, 1 dollar will cost …
Today the Central Bank of Azerbaijan (CBA) introduced new measures to reduce speculative transactions with exchange rates. A corridor of exchange rate of 4% of the official rate of the Central …
The Central Bank of Azerbaijan has denied rumors about a new wave of devaluation of the manat, describing them as baseless. "The rate of the manat is based on supply and demand on the foreign ...
Azerbaijan's Milli Majlis has appealed to the government with a request to help the Central Bank of the country to stabilize the exchange rate of the manat. Azerbaijani MP, member of the Parliamentary Committee on Economic Policy, Enterprise and …
Speculations about further devaluation of manat and increase of the exchange rate of the dollar to two manats are groundless, the Central Bank of Azerbaijan said. "In accordance with the floating rate of manat, its exchange rate is …
The Azerbaijani government can help borrowers with foreign currency loans, the head of the Association of Banks of the country Zakir Nuriyev stated. The government has already received proposals to cover the difference …
The Central Bank of Azerbaijan plans to lower the minimum capital ratio requirement for banks to 10% from the current 12%, Fitch Ratings said. “A sharp decline in the manat hit local banks' capital ratios via inflation of …
