Currency reserves of the Central Bank of Azerbaijan up by 27%
Currency reserves of the Central Bank of Azerbaijan up by 27%
As of the end of April 2024 the Central Bank of Azerbaijan had foreign currency reserves in the amount of 11,660.8 million US dollars. This is reported on the website of the structure.
According to the data, this is up by 0.1% from the end of March.
Note that the the CBA's foreign exchange reserves are up by 0.4% as compared to the end of the last year and by 26.9% over the last year.
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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