Industry

Weekly review of Azerbaijani currency market

The official exchange rate of the Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week, Trend reports. Accordingly, last week, the average rate was 1.7 AZN/1 USD The official rate of the manat against the euro reduced by 0.0024 manat. The average AZN/EUR rate increased by 0.0042 and […]

Industry

Central Bank of Azerbaijan names amount of foreign currency sold through auction

The Central Bank of Azerbaijan (CBA) held a foreign currency auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ), Trend reports referring to the CBA. According to the CBA, the demand of local banks for foreign currency amounted to $140.3 million and was fully met. At the end of the auction, the weighted average […]

Industry

Azerbaijan to strengthen policy and reform framework to expand non-cash payments in 2022 – Central Bank

The policy and reform framework for expanding non-cash payments in Azerbaijan will be strengthened in 2022, Trend reports referring to the Central Bank of Azerbaijan (CBA). According to the data, the monetary policy of the CBA by 2022 will be aimed at ensuring inflation dynamics towards the target range in terms of great uncertainty in the external […]

Industry

Azerbaijani oil prices increase

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $0.89 on Dec. 30 compared to the previous price, settling at $82.13 per barrel, Trend reports referring to a source in the oil and gas market of the country. The price of Azeri LT FOB Ceyhan on Dec. 30 amounted to […]

Industry

Uzbek Central Bank notes growth in volume of loans issued to individuals

The volume of loans issued to individuals in Uzbekistan from January through November 2021, increased by 25.9 percent compared to the same period last year (54 trillion soums, or $4.9 billion), reaching 68.1 trillion soums ($6.2 billion), Trend reports citing the Uzbek Central Bank. From total volume of loans issued to individuals in the corresponding period, mortgage […]