
Ministry of Finance Places Bonds Totaling 20 Million AZN
Tomorrow, on July 5, the Ministry of Finance intends to place bonds in the amount of 20 million AZN on the stock exchange.
These securities are to be repaid in 91 days.
The placement of T-bills was last held on June 21. The Ministry of Finance sold bonds with a maturity period of 1 year and six months at 10 million AZN. For the first time this year, the interest rates on these securities fell below 10% per annum. Experts note that this corresponds to the inflation expectations of the government for 2016. ----08D
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- 4 July 2016 10:27
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- Economics
- 4 July 2016 11:29
Economics
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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.
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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.
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