manat

"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 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 …

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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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 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 …

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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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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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Central Bank of Azerbaijan sells $18 million

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 …

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IMF notes positive sides of devaluation of manat

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 …

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