CBA to accommodate 5 mln manat in short-term notes of the next issue
Wednesday will be placed short-term notes of the Central Bank of Azerbaijan (CBA) for the sum of 5 million manat.
The information on the BSE site said that put up for auction the total issue volume - 30 million manat (300,000 notes with a par value 100 manat each). The maturity date of the securities - October 22, 2014 with a term of 28 days.
Recall, the CBA began issuing short-term notes in September 2004. This year it is planned to place short-term securities in the amount of 2 billion manat. --17D-
-
- Social
- 22 September 2014 14:04
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review