Tag Archives: Azerbaijani

Foreign currency demand of Azerbaijani banks decreases

BAKU, Azerbaijan, July 15

By Zeyni Jafarov – Trend:

The Central Bank of Azerbaijan (CBA) held a new foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on July 15, 2021, Trend reports referring to a source in the CBA.

According to the source, the demand from Azerbaijani banks at the auction decreased by 4.1 percent compared to the previous indicator and was fully met.

During the auction, the CBA sold $ 51.2 million to the local banks.

At the end of the auction, the weighted average rate of the manat to the US dollar amounted to 1.7 AZN/USD.

The first foreign exchange auction for a long time was held with the participation of SOFAZ on March 10, 2020, during which Azerbaijani banks purchased $ 323.2 million.


The CBA began to conduct currency auctions through a one-way sale of currency in a competitive environment from mid-January 2017.

A decision was made in March 2020 to hold extraordinary currency auctions due to the increased demand of the population for foreign currency amid the failure of the OPEC + deal, which led to a sharp drop in oil prices.

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This post originally posted here Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.

Azerbaijani currency rates for July 15

BAKU, Azerbaijan, July 15

By Zeyni Jafarov – Trend:

The official exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 manat and 2.0117 manat respectively for July 15.

Below are the rates of Azerbaijani manat against world currencies according to the data from the Central Bank of Azerbaijan.

Currencies

July 15, 2021

July 14, 2021

June 15, 2021

July 15, 2020

Daily difference

Monthly difference

Annual difference

1 US dollar

1 USD

1.7

1.7

1.7

1.7

0

0

0

1 euro

1 EUR

2.0117

2.0029

2.0567

1.9371

0.0088

-0.045

0.0746

1 Australian dollar

1 AUD

1.2682

1.2673

1.3101

1.1892

0.0009

-0.0419

0.079

1 Argentine peso

1 ARS

0.0177

0.0177

0.0179

0.0238

0

-0.0002

-0.0061

100 Belarus rubles

1 BYN

0.6653

0.6621

0.6855

0.7034

0.0032

-0.0202

-0.0381

1 Brazil real

1 BRL

0.3351

0.3292

0.3322

0.3167

0.0059

0.0029

0.0184

1 UAE dirham

1 AED

0.4628

0.4628

0.4628

0.4628

0

0

0

1 South African rand

1 ZAR

0.1174

0.1153

0.1238

0.1018

0.0021

-0.0064

0.0156

100 South Korean won

100 KRW

0.1489

0.1477

0.1522

0.1415

0.0012

-0.0033

0.0074

1 Czech koruna

1 CZK

0.0787

0.0781

0.081

0.0727

0.0006

-0.0023

0.006

1 Chilean peso

100 CLP

0.2279

0.2266

0.2353

0.2158

0.0013

-0.0074

0.0121

1 Chinese yuan

1 CNY

0.263

0.2625

0.2657

0.2428

0.0005

-0.0027

0.0202

1 Danish krone

1 DKK

0.2705

0.2693

0.2766

0.2601

0.0012

-0.0061

0.0104

1 Georgian lari

1 GEL

0.5423

0.5417

0.5321

0.5547

0.0006

0.0102

-0.0124

1 Hong Kong dollar

1 HKD

0.2189

0.2189

0.219

0.2193

0

-0.0001

-0.0004

1 Indian rupee

1 INR

0.0228

0.0228

0.0232

0.0226

0

-0.0004

0.0002

1 British pound

1 GBP

2.3524

2.3488

2.399

2.1373

0.0036

-0.0466

0.2151

100 Indonesian rupiah

100 IDR

0.0117

0.0117

0.012

0.0117

0

-0.0003

0

100 Iranian rials

100 IRR

0.004

0.004

0.004

0.004

0

0

0

1 Swedish krona

1 SEK

0.1969

0.1965

0.2041

0.187

0.0004

-0.0072

0.0099

1 Swiss franc

1 CHF

1.859

1.8511

1.8913

1.8073

0.0079

-0.0323

0.0517

1 Israeli shekel

1 ILS

0.521

0.5171

0.5225

0.4947

0.0039

-0.0015

0.0263

1 Canadian dollar

1 CAD

1.3556

1.359

1.399

1.25

-0.0034

-0.0434

0.1056

1 Kuwaiti dinar

1 KWD

5.6511

5.6527

5.6529

5.5258

-0.0016

-0.0018

0.1253

1 Kazakh tenge

1 KZT

0.004

0.004

0.004

0.0041

0

0

-0.0001

1 Kyrgyz som

1 KGS

0.0201

0.0201

0.0201

0.0219

0

0

-0.0018

100 Lebanese pounds

100 LBP

0.1126

0.1118

0.1125

0.1123

0.0008

0.0001

0.0003

1 Malaysian ringgit

1 MYR

0.4052

0.4047

0.4132

0.3986

0.0005

-0.008

0.0066

1 Mexican peso

1 MXP

0.0854

0.0849

0.0856

0.0758

0.0005

-0.0002

0.0096

1 Moldovan leu

1 MDL

0.0944

0.0941

0.096

0.0997

0.0003

-0.0016

-0.0053

1 Egyptian pound

1 EGP

0.1084

0.1083

0.1087

0.1064

0.0001

-0.0003

0.002

1 Norwegian krone

1 NOK

0.1941

0.1937

0.2038

0.1814

0.0004

-0.0097

0.0127

100 Uzbek soums

100 UZS

0.016

0.016

0.016

0.0167

0

0

-0.0007

1 Polish zloty

1 PLN

0.4394

0.4374

0.4573

0.4332

0.002

-0.0179

0.0062

1 Russian ruble

1 RUB

0.0229

0.0229

0.0236

0.024

0

-0.0007

-0.0011

1 Singapore dollar

1 SGD

1.2563

1.2539

1.2813

1.222

0.0024

-0.025

0.0343

1 Saudi riyal

1 SAR

0.4532

0.4533

0.4533

0.4532

-0.0001

-0.0001

0

1 SDR (Special Drawing Rights of IMF)

1 SDR

2.4187

2.4223

2.4515

2.3472

-0.0036

-0.0328

0.0715

1 Turkish lira

1 TRY

0.198

0.197

0.2027

0.2476

0.001

-0.0047

-0.0496

1 Taiwan dollar

1 TWD

0.0608

0.0607

0.0616

0.0577

0.0001

-0.0008

0.0031

1 Tajik somoni

1 TJS

0.1503

0.1503

0.1503

0.1649

0

0

-0.0146

1 New Turkmen manat

1 TMM

0.4857

0.4857

0.4857

0.4857

0

0

0

1 Ukrainian hryvna

1 UAH

0.0623

0.0623

0.063

0.0628

0

-0.0007

-0.0005

100 Japanese yen

100 JPY

1.5476

1.539

1.5488

1.5849

0.0086

-0.0012

-0.0373

1 New Zealand dollar

1 NZD

1.1918

1.1914

1.2141

1.1134

0.0004

-0.0223

0.0784

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This post originally posted here Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.

Azerbaijani Finance Ministry puts up mid-term state bonds for new auction

BAKU, Azerbaijan, July 14

By Zeyni Jafarov – Trend:

The Baku Stock Exchange (BSE) held an auction on the placement of medium-term state bonds of the Azerbaijani Ministry of Finance, Trend reports on July 14 referring to a source in the BSE.

The amount of the bonds was 40 million manat ($ 23.5 million) and the term of maturity – 1,092 days.

During the auction, 14 investors filed 26 bids in the price range from 98.14 manat ($ 57.73) with a yield to maturity (YTM) of 7.2 percent to 100.4 manat ($ 59.06) with a YTM of 6.35 percent.

In accordance with the decision of the finance ministry, the cut-off price of bonds reached 100.296 manat ($ 59) with the YTM of 6.39 percent, and the weighted average price – 100.34 manat or $ 59.02 (6.37 percent).

The total amount of applications at nominal prices amounted to nearly 149.84 million manat ($ 88.14 million) while the volume of placement – 40 million manat ($ 23.5 million).

The maturity date is July 9, 20243.

The auction participants must fulfill their obligations to purchase bonds till July 14, 2021.

(1 USD = 1.7 AZN on July 14)

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This post originally posted here Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.

Azerbaijani minister discloses amount of state guarantees for business credits issued in 5M2021

BAKU, Azerbaijan, July 7

By Zeyni Jafarov – Trend:

The Entrepreneurship Development Fund under the Ministry of Economy has provided state guarantees for new business credits amounting to 129.7 million manat ($ 76.29 million) through Electronic Credit Platform in the first 5 months of 2021 under the loan-guarantee mechanism, the ministry’s head Mikayil Jabbarov said on Twitter, Trend reports on July 7.

According to Jabbarov, demand for the credits on 847 applications through the platform made up 224.1 million manat ($ 131.8 million).

As the minister earlier said, the Entrepreneurship Development Fund issued preferential loans for 24.9 million manat ($ 14.6 million) via the authorized credit organizations from January to May 2021.


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