Industry

Azerbaijan’s Central Bank keeps inflation outlook in target range

The inflation rate in Azerbaijan is forecasted to be at 4 percent during 2021, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said, Trend reports. Rustamov made the statement at a press conference. “In the first quarter of this year, inflation rate amounted to 2.2 percent,” he said. “Along with this, despite the […]

Industry

Gold, silver prices down in Azerbaijan

Prices for precious metals in Azerbaijan on April 30, with the exception of palladium, decreased compared to previous indicators, Trend reports citing the Central Bank of Azerbaijan (CBA). Accordingly, an ounce of gold fell by 28.0925 manat or $16.52 (0.93 percent), amounting to 3,005.6 manat or $1,768, and an ounce of silver – by 0.6873 […]

Industry

Azerbaijani foreign exchange market remains stable – Central Bank chairman

There was an increase in demand for foreign currency since the beginning of the year, only in January, but in general, the foreign exchange market in Azerbaijan remains stable, Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov said. Rustamov made the remark at the press-conference, Trend reports on April 30. “The increased […]

Industry

No pressure on national currency rate – head of Azerbaijani Central Bank

The national currency rate isn’t being subjected to any pressure, Elman Rustamov, board chairman of the Central Bank of Azerbaijan (CBA), said at a press conference, Trend reports. “There is no pressure either on the balance of the foreign exchange market or on the manat rate. The Central Bank also doesn’t carry out transactions aimed at selling […]