The deficit cash turnover fell in November to 954 million manats
Total receipts of cash to banks in January-November 2012 amounted to 29.037 billion manat, which is 32.7% more compared to the same period last year. The largest share came from sale of foreign currency - 32.9%. The share of sales was 16.8%, income on loans - 8%, revenue from ATMs - 4.7%, revenues from services and activities - 4.2%, revenues for notary account when buying property - 3.8% income on deposit accounts - 3.7%, etc.
According to the Central Bank of Azerbaijan, the shortage of cash turnover amounted to 954 million manat (-279 bn in October). Thus, the cost of cash for the period amounted to 30.261 billion manat. This is 31.8% more than in 2011. Of the total expenditure amounted to 28.8% of the cost of purchasing goods and services, 26.2% - the cost of ATM cash collateral, 10.4% - the cost of buying foreign currency, 6% - mortgage payments, 4.6% - expenses with notary accounts for property transactions, 3.3% - payments from deposit accounts, etc.
Cash balances at the end of eleven months of the year amounted to 294 million manat, which represents 1% of the revenue flow for this time.
The average size of the daily cash receipts amounted to AZN 86.678 million, and the cost - 90,332,000 manats. - 15B -
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review