Azerbaijani banks purchased more than $5 billion of foreign currency at auctions this year
Finance
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'Pashabank's subsidiary in Turkey (‘Pasha Yatırım Bankası’) has released its financial results for January-September 2024.
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In January-October 2024, the State Oil Fund (SOFAZ) sold foreign currency worth $5,919.4 million. This was reported by the Fund.
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According to the updated October forecasts of the Central Bank of Azerbaijan (CBA), annual inflation in the country will be 5.1% by the end of 2024 and 5.8% by the end of 2025. The CBA reported.
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According to updated forecasts, the current account surplus in Azerbaijan will be $5.3 billion by the end of this year and $5.5 billion by the end of the next year. This was reported by the Central Bank of Azerbaijan.
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