ECONOMY

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, the exchange rate of the US dollar remained unchanged at 1.7000 manats on August 4. In turn, the Turkish lira decreased to 0.0357 manats, 100 Russian rubles to 2.1156 manats, and the euro to 1.9566 manats. Currency Code Rate 1 US […]

The Azerbaijan Banks Association (ABA) and the Azerbaijan Fintech Association (AzFina) have reached an agreement on the application of a risk-based approach to deposit operations on payment instruments in order to minimize the risks of misuse of the services of banks and electronic money institutions. “Elchi” reports this with reference to the Azerbaijan Banks Association […]

“Dashli Bulaq” natural mineral table water, which has appeared on Azerbaijani market shelves since 2023, was launched by “Azersun Holding” with great claims. It is emphasized that this water is extracted from a mountain peak at an altitude of 2450 meters in Gadabay through 18 kilometers of special pipes and is bottled by “Dashli Bulaq […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. “Elchi”-ın reports that on August 3, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira was 0.0358 manats. In turn, 100 Russian rubles increased to 2.1411 manats, and the euro increased to 1.9609 manats.   Currency Code […]

Starting August 1, limits have been applied to card-to-card transactions with bank cards in Azerbaijan. elchi reports that, based on an agreement reached between the Central Bank of Azerbaijan and commercial banks, limits have been imposed on “card-to-card” transactions in the country. Limits have been applied to both the amount of funds transferred from card […]

The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. Citing elchi exchange data, it is reported that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange decreased by 1.29% to 4,107 US dollars. The price of July 2026 silver […]

In order to manage state budget funds more efficiently and generate additional income from the treasury account balance, the Ministry of Finance held 4 deposit auctions during the current month of July, and a total of 174 million manats from the treasury account balance was placed in time deposits at the country’s commercial banks. This […]

US President Donald Trump announced that the Peace Committee in Gaza has reached a historic agreement for the complete disarmament of HAMAS and all other armed groups. elchi reports that President Trump announced on his social media account that the Peace Committee reached an important agreement today. Trump stated, “The Peace Committee reached a historic […]

The Central Bank of Azerbaijan (CBA) has announced its decision regarding the discount rate once again today. “Elchi” reports that, by the decision of the Central Bank’s Board, all parameters of the interest rate corridor have been kept unchanged. When making the decision on the interest rate corridor parameters, the dynamics of actual and projected […]

An auction for the placement of non-documentary, registered, interest-bearing bonds of the Mortgage and Credit Guarantee Fund in the amount of 50,000,000 manats was held at the BSE. According to the information provided by the Fund to elchi, the bonds were offered at a price of 1,000 manats and were fully placed. The interest rate […]