Central Bank of Azerbaijan

Azerbaijan's central bank cuts rate to 8.75%

Azerbaijan’s central bank cut its refinancing rate to 8.75% from 9%, CBA Chairman Elman Rustamov said. The central bank also lowered its rate corridor by the same margin, nudging the lower boundary down to …

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Azerbaijan's Central Bank cuts refinancing rate

Azerbaijan’s central bank cut its refinancing rate to 9% from 9.25%, the CBA press service reported. The central bank also adjusted its rate corridor, setting an upper boundary at 11% and a lower boundary at 7%, compared to 7.25 …

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"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 …

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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 …

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Azerbaijan's central bank cuts refinancing rate again

Azerbaijan’s central bank said today it cut the refinancing rate to 10% from 11%, CBA Chairman Elman Rustamov said at a press conference. The central bank also said it held the lower boundary of the rate corridor …

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Azerbaijan's Central Bank issues 200 AZN banknotes

The presentation of a new banknote worth 200 manat was held at the Azerbaijani Central Bank yesterday. Chairman of the Central Bank of Azerbaijan Elman Rustamov said that taking into account the dynamical development of …

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Azerbaijan's Central Bank keeps discount rate unchanged

Management Board of Central Bank of Azerbaijan decided to keep other parameters of interest corridor (the discount rate at 15%, lower limit of corridor at 10%, upper limit – 18%) unchanged. Underlining 13.7%-inflation in the ten …

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Central Bank of Azerbaijan may soften monetary policy

The Central Bank of Azerbaijan (CBA) intends to consider possibility of softening monetary policy in mid-June, the central bank governor Elman Rustamov said. Rustamov also said that the restructuring of some of the …

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SOFAZ to transfer $4 billion to Azerbaijani Central Bank

Azerbaijan will transfer as much as 7.5 billion manat ($4 billion) of assets from its sovereign wealth fund to the central bank this year, giving it ammunition to defend the manat in the latest effort to break the grip of a currency crisis. …

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Azerbaijan limits foreign currency remittances

Azerbaijan put limits on the foreign currency remittances carried out by individuals, residents and non-residents of the country, without opening a bank account. The changes made in accordance with the '“Rules of Operations on …

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Azerbaijan to quit insuring population’s deposits

Azerbaijan should quit the process of insuring deposits of population, the chairman of the Board of Directors of the Financial Market Supervisory Authority, Rufat Aslanli, said at a banking conference in Baku. "We are seeking ways …

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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. …

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