Total cash receipts to banks in January-October 2013 amounted to 31.239 billion manat, which is 19.7% more than in the corresponding period last year . The largest share was provided by the sale of foreign currency - 29.4%. The share of sales of goods was 19.2%, income on loans - 8.7% , receipts at ATMs - 4.9%, income on deposit accounts - 4.8% , revenues of notarial account when buying property - 4.4%, receipts for services and work - 4.3%, etc.
According to the Azerbaijani Central Bank , the shortage of cash turnover amounted to 429 million ( 164 million manat in October). Thus, cash expenses for the reporting period amounted to 31.668 billion manat. This is 15.9 % more than in 2012 . Of the total expenditure amounted to 28.3% the cost of purchasing goods and services, 25.3 % - the costs associated with ATM cash collateral, 11.1% - the cost of buying foreign currency, 7.8% - mortgage payments, 5.5 % - notary costs accounts for property transactions , 3.2 % - payments from deposit accounts , etc.
Cash balance on the first ten months of the year amounted to 351 million manat, which corresponds to 1.1% cash generation during this time .
The average size of the daily cash receipts amounted to 103,102 manats, and the expenses - AZN 104,516. - 15B -
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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