Azerbaijan's strategic foreign exchange reserves approach $73 billion
In January-August 2024, Azerbaijan's strategic foreign exchange reserves rose by 6.1% and reached $72.6 billion. This is reported by the Central Bank of Azerbaijan.
"In the first half of this year, the country's balance of payments had a current account surplus of $2.6 billion, or 7.5% of gross domestic product (GDP). The foreign trade balance, which is the main component of the current account, recorded a surplus of $5.5 billion in 8 months," the CBA said in a statement.
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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