Central Bank of Azerbaijan

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 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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Azerbaijan's interest rate increased to 15%

The Central Bank of Azerbaijan (CBA) increased the interest rate from 9.5% to 15% today, the CBA said in a message.  The upper limit of the interest rate corridor was increased from 15% to 18%, while the lower limit was …

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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 …

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Financial Stability Council created in Azerbaijan

President Ilham Aliyev has established the Financial Stability Council, abc.az reports. The newly-issued presidential order says that the Council was formed to strengthen macroeconomic stability and financial …

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