Central Bank of Azerbaijan (CBA) on May 29 will hold an auction on placement of short-term notes in the amount of 5 million manat.
The Baku Stock Exchange (http://bfb.az/news/2013/05/mb-not-yerlesdirme/2907), the total volume of the issue - AZN 30 million. The nominal value of each of the 300 thousand notes - 100 manats. Petition - 29 days maturity date - June 27, 2013. Registration number 50102138S.
Recall Central Bank started issuing short-term notes in September 2004 under an agreement with the Baku Stock Exchange on 5 July of the same year.
This year there will be a total issue of notes for AZN 2.5 bn. - 17D-
Economics
-
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.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
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.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review