Azerbaijani banks purchase more than $6 billion dollars of currency at auctions this year
In January-October 2024, Azerbaijani banks purchased currency worth $6,116.8 million at auctions held jointly by the Central Bank and the State Oil Fund. This was reported by the Central Bank.
According to the data, it is up by 2.15 times from the same period of 2023.
Only in October, the purchase of currency by banks amounted to $738.7 million, which is up by 2.5 times from a year ago.
Finance
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As of the end of this year, the Central Bank of Azerbaijan (CBA) decided to reduce the number of territorial departments by 2 times at the end of this year. This is reported on the website of the structure.
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A regular meeting of the Accounting Chamber has been held under chairmanship of the AC Chairman Vugar Gulmamedov.This was reported by the Chamber.
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The Baku Stock Exchange (BSE) has completed the auction on placement of ordinary, non-documented registered shares of ‘Geoengineering’ JSC (provides geological engineering services) in the amount of AZN 90, 000. This is reported by the BSE.
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As of the end of September 2024, credit unions in Azerbaijan had a balance sheet capital of AZN 9.4 million. This is stated in the credit union review published by the Central Bank of Azerbaijan.
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