As of January 1 this year, the population holds in the country's banks 7 billion 188,400,000 manat (+ 12.4% yoy).
According to the report on the website of the Central Bank of Azerbaijan, the largest share of money is in the national currency - 4 billion 422,400,000 manat or 61.5% of total deposits (+ 13.7% yoy). The rest is in foreign currency deposits (+ 10.3%).
According to the CBA, by the beginning of this year, local bank deposits were 6 billion 472,500,000 manat and the share of non-residents was 715,900,000 manat. The traditional trend continues - local investors are building up their savings accounts (+ 15.2%) and foreigners are pulling their money (minus 7.7%).
The total volume of deposits in local banks by 1 January was 15 billion 453,400,000 manat (+ 23.9% yoy). --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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