Over the past month, 7 of the 32 commercial banks operating in Azerbaijan (Amrah Bank, International Bank of Azerbaijan (IBA), Azer-Turk Bank, Demir Bank, Express Bank, Gunay Bank and Rabita Bank) have changed interest rates on deposits. Changes have affected both classical and accumulative deposits. Manat deposits have risen in price and vice versa, deposits in dollars and euro have fallen in price.Thus, the yield of classical deposits placed in...

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