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Baku/26.05.23/Turan: Since this month, the activities of the Baku branch of the National Bank of Iran ("Bank Melli Iran") have been restricted.
According to information from the Baku branch, the Central Bank of Azerbaijan (CBA) has banned all banking operations (accepting deposits, lending, etc.), except for withdrawing money from the account.
At the same time, the CBA is checking the activities of the Iranian bank. The regulatory body has not yet commented on the situation around the restriction of the activities of "Bank Melli Iran". Turan's attempts to get a comment from "Bank Melli Iran" yielded no results.
It is possible that the restrictions are related to the sanctions imposed by the United States and the European Union against Iran.-0
Finance
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From 15 January the State Oil Company (SOCAR) will issue ‘Green Bonds’.This is reported by SOCAR.
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On January 10, President Ilham Aliyev signed an order to dismiss Finance Minister Samir Sharifov. He had held this position since 2006.
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The Central Bank of Azerbaijan (CBA) has changed the ‘Procedure for purchase and sale of foreign currency between the Central Bank and banks’, which it approved on 15 November 2022.
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In 2024, the economic growth in Azerbaijan made up 4.6%; it is expected that in 2025-2026 this index will make up an average of 3%.This is stated in the UN report ‘World economic situation and prospects 2025’.
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