Central Bank of Azerbaijan hit by more than double reduction in resident deposits

Central Bank of Azerbaijan hit by more than double reduction in resident deposits

Shorouk Express


Economy
Materials
24 May 2025 04:24 (UTC +04:00)

Central Bank of Azerbaijan hit by more than double reduction in resident deposits


As of January 1 this year, short-term deposits of resident banks in the Central Bank of Azerbaijan totaled 1.2 billion manats ($1.4 billion), falling to less than half compared to the previous year. This marks a significant decrease from 2.6 billion manats ($1.5 billion) reported at the start of 2024.

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