Trading volume in the currency section of the Baku Interbank Currency Exchange (BBVB) in January 2013 was $ 54.366 million and 42.651 million manat.
This is a 34.7% decrease compared to the previous month and by 34.2% - compared to January 2012.
The average volume of each transaction in e-trading system on USD / AZN reached in January of this $ 2.471 million, the average daily turnover - $ 2.861 million.
Just BBVB auction in January 2013 was attended by 8 banks. In the reporting month, BEST held 38 trading sessions and registered 22 deals.
Turnover on tool EUR / AZN in the reporting period amounted to 523,600 manat. Note that the average rate of the Euro to manat on this tool has made 1.0472 AZN.
The exchange rate of the national currency in the reporting period rose by 0.3% - from 0.7856 to 0.7834 for 1 USD. The average rate of the U.S. dollar against the manat in January 2013 was 0.7845 AZN for 1 USD, against 0.7846 AZN in December 2012.
At the end of January 2013 the total volume of trading on the inter-bank credit market functioning in the framework of BEST, amounted to the equivalent of 5 million manat.
The monthly average interest rate calculated on the basis of requests bank market makers BakiBOR for loans up to 90 days in January 2013 amounted to 11.39% in manats and 12.36% in U.S. dollars. Rate on BakiBID for 90 days was 5.54% per annum in local and 5.30% in U.S. dollars. - 15B -
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