Azerbaijan reduces balance of payments surplus by more than 35 times
Total surplus of Azerbaijan's balance of payments amounted to $181.6 million in January-September 2024.This was reported by the Central Bank of Azerbaijan.
According to the data, this is down by 35.2 times from the same period of 2023.
Note that the total surplus was formed at the expense of surplus of the country's current account balance in the amount of $ 3,952.9 million, deficit on the financial account in the amount of $ 3,570.5 million and deficit on balance sheet items in the amount of $ 200.8 million.
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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