The volume of trading in the currency section of the Baku Interbank Currency Exchange (BBVB) in June 2012 was $ 47.224 million or AZN 37.037 mln.
This is a 20.9% decrease compared to the previous month and by 53.5% - compared with June 2012.
The average volume of each transaction in e-trading system on USD / AZN reached in this May $ 1.764 million, the average daily turnover - $ 2.058 million.
Just BBVB auction in June 2013 was attended by 11 banks. In the reporting month, the BEST system had 36 trading sessions and registered 21 deals.
Exchange currency turnover for the half year amounted to the equivalent of 235.45 million manat, which is 38.8% less than in the comparable period last year.
The exchange rate of the national currency in the reporting month has increased by 0.01% - from 0.7836 to 0.7835 for 1 USD. The average rate of the U.S. dollar against the manat in June 0,7843 AZN for 1 USD., whereas in May it was equal to 0,7844 AZN.
The monthly average interest rate calculated on the basis of banks' applications market makers in BakIBOR loans for up to 90 days in June 2013 was 10.23% in manats and 11.10% in U.S. dollars. The interest rate on BakIBID up to 90 days was 4.82% in manats and 4.50% in U.S. dollars. -15D -
Economics
-
Azerbaijan's foreign direct investment (FDI) portfolio for the first half of the year continued to be dominated by the oil and gas sector, which attracted 80.4% of the total FDI inflow of $3 billion, according to the Central Bank of Azerbaijan. This reflects a persistent trend of reliance on energy resources, as the country plays a critical role as a key energy producer in the region.
-
A Baku seminar titled "Green Building Initiative in Azerbaijan," held on September 12, spotlighted the country’s increasing focus on sustainable construction. Organized by the State Committee for Urban Planning and Architecture, in collaboration with the International Finance Corporation (IFC), the event brought together key stakeholders from both the public and private sectors, reflecting a growing national commitment to environmentally conscious building practices.
-
The Central Bank of Azerbaijan (CBA) today held a briefing on the financial results for the first half of 2024, shedding light on the country’s economic health and key indicators influencing its external balance. Samir Nasirov, Director of the CBA Statistics Department, outlined the current account surplus, foreign investments, and other critical metrics during the event.
-
On September 11, 2024, Azerbaijan's Economic Council, chaired by Prime Minister Ali Asadov, convened to review the draft state and consolidated budgets for 2025-2028. The meeting, dedicated to key financial and economic issues, addressed global economic trends, macroeconomic forecasts for 2024-2028, and the country’s budget policy for the coming years.
Leave a review