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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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