Baku / 02.10.17 / Turan: Demand exceeded supply by 2.87 times at the deposit auction of the Central Bank of Azerbaijan on Monday. The Central Bank raised 200 million manat, with a demand of 574 million manat. The funds were raised for a period of 14 days, at an average weighted rate of 10.01%.
Deposit auctions are held as part of anti-inflation measures. The Central Bank has started holding deposit auctions since June 2016. -71D-
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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