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Representatives of the banking sector of Azerbaijan familiarized themselves with the advanced practices of Bank of New York Mellon in operations and the application of innovative technologies, the Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said in a post on the social network X, according

As of April 1, 2024, deposits in Azerbaijani banks amounted to 37,127.6 million manats ($21.82 billion), 0.1% less than a month earlier, 0.4% more than early 2024, and 7.4% more than a year ago, Report informs, citing the Central Bank of Azerbaijan.

Report informs, citing the Central Bank of Azerbaijan (CBA), that of this, 4,737 million manats ($2.78 billion) fell to the share of electronic trade.

The volume of broad money supply in Azerbaijan as of April 1, 2024, amounted to 44,830.3 million manats ($26.36 billion), Report informs, citing the Central Bank of Azerbaijan (CBA).

Report informs, citing the Central Bank of Azerbaijan, that this was 0.1 point higher than the previous month, 1.7 points more than the beginning of the year, and 7.2 points more compared to April 1, 2023.

We are also cooperating with the Central Bank of Azerbaijan, and this will be ongoing,” Gulez noted.

Our meeting with the Federal Reserve Bank of New York was one of the most significant and productive engagements during the trip to the States, Chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, said on X, Report informs.

According to the official exchange rates of the Central Bank of Azerbaijan for today, the US dollar remained unchanged at 1.7000 manat, euro increased by 0.12% to 1.8227 manat, and the Russian ruble went up by 0.54% to 0.0185 manat.

Russia’s central bank, government officials and some 2,500 other targets have had their access to the dollar restricted. President Joe Biden this week signed into law a measure granting him new powers to seize Russian dollar assets to aid Ukraine’s reconstruction.

The role of commercial banks in strengthening trade relations between Azerbaijan and the US was discussed, Report informs with reference to the Central Bank of Azerbaijan (CBA).