On August 30 afternoon the Azerbaijani commercial banks have suspended the sale of foreign currency. According to various estimates, up to 15 banks currently do not sell the currency. The bank «Respublika» did not explain the Turan news agency the reason for the termination of sales, noting only that "this decision was taken within the bank."
In "AtaBank" and "of AFB" Bank said that they do not sell dollars for a few days. The bank «Nikoil» said that on 30 August stopped the sale of all types of foreign exchange. Previously 29 commercial banks purchased at an auction of $50 million presented by the Oil Fund. According to unofficial information, the request for sale has been several times higher.
The economist Samir Aliyev believes that the refusal of sales is associated with foreign currency shortages. "I do not think it is related to a possible devaluation," he said. Banks sell primarily cash currency for its clients on import operations. Only the remaining dollars are sold to other people. Currently, banks do not have the extra money, says Aliyev.–78В-
Economics
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
Leave a review