As of May 1, bank deposits amounted to 7 billion 685 million AZN (minus 18.9% to 1 January) and reduced from month to month - even in April against the background of foreign exchange reserves growth and the relative rise in oil prices the population did not trust banks, moving 203.9 million AZN from them.
Derived from the turnover are mainly savings in foreign currency (minus 22.1% to the beginning of the year - to 6 billion 277.3 million AZN), which make up 81.6% of all deposits. The situation is better in AZN - the proportion of the national currency reduced by 0.9% - to 1 billion 407.6 million AZN.
About the same comparative reduction befell residents (minus 18.9% - to 6 billion 683.7 million AZN) and non-residents (minus 18.8% - to 1 billion 1.3 million AZN).
According to the CBA as of May 1, the total amount of deposits in local banks was equal to 22 billion 558.1 million AZN (minus 3.7% as of 1 January). --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review