Total receipts of cash to banks in January-August 2012 amounted to 20.341 billion manat, which is 38.9% more compared to the same period last year. The largest income came from the sale of foreign currency - 32.2%. The share of sales of goods was 16.9%, revenues on loans - 7.9%, revenues from ATMs - 4.8%, revenues from services and activities - 4.2%, revenues for notary accounts when buying property - 3.8 %, income on deposit accounts - 3.6%, etc.
According to the Central Bank of Azerbaijan, the shortage of cash turnover amounted to 962 million manat (AZN 127 million in August). Thus, the cost of cash for the period amounted to 21.303 billion manat. This is 35.6% more than in 2011. Of the total expenditure, the cost of purchasing goods and services was 28.5%, 26.6% - the cost of ATM cash collateral, 10.3% - the cost of buying foreign currency, 6.1% - mortgage payments, 4.7 % - a notary costs account for property transactions, 3.3% - payments from deposit accounts, etc.
Cash balance in the first eight months of the year amounted to 347 million manat, which corresponds to 1.7% of cash receipts during that time.
The average size of the daily cash receipts equaled 83,366 AZN, and the expenses - 87,310 manat. -15B-
Economics
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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.
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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.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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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.
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