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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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