CBA: Stabilization of world energy and food prices reduces inflation

Under the conditions of stabilization of world prices for energy and food, starting from the 4th quarter of 2022, inflation in the trading partner countries began to gradually decrease.

CBA: Inflation in Azerbaijan to slow down to 8% this year

The Central Bank of Azerbaijan predicts slowdown in annual inflation to 8% in 2023

Central Bank raised discount rate up to 8.5%

For the first time this year, the Central Bank of Azerbaijan raised the discount rate by 25 basis points to 8.5%.

Central Bank currency rates for 1 February

Azerbaijani manat rate has decreased to the euro, while is stable to the US dollar, to the Turkish lira and to the Russian ruble.

MP: Tax on deposits to be charged from this date

Banks acquired $29.5 million at a currency auction

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Central Bank currency rates for 31 January

Azerbaijani manat rate has risen to the euro and to the Russian ruble, while is stable to the US dollar and to the Turkish lira.

List of the fastest-moving Azerbaijani banks in the ranking

By the end of 2022, Azer Turk Bank became the fastest growing bank in the ranking of banks. Thus, this bank was able to rise from 15th to 8th place.

Over AZN 6 bn spent on restoration of Karabakh

A total of AZN 6.5 bn ($3.8 million) from the State Budget have been used for the restoration of the liberated territories of Azerbaijan over the past two years.

Banks that reduced the most last year – Rating

Along with the banks that grew last year, there were also banks that remained stable or reduced.