BAKU, Azerbaijan, Dec. 28
By Zeyni Jafarov - Trend:
The total volume of deposits in Azerbaijan amounted to 22.3 billion manat ($13.1 billion) as of late November 2020, which is 5.4 percent less compared to the same period of 2019, Trend reports citing a report from the Central Bank of Azerbaijan (CBA).
According to the CBA, the volume of deposits of non-financial organizations decreased by 5.5 percent over the year, making up 12.4 billion manat ($7.29 billion).
Meanwhile, the value of individuals’ deposits dropped by 8.9 percent in annual terms and amounted to 7.91 billion manat ($4.65 billion).
In the first 11 months of 2020, deposits in foreign currency amounted to 13 billion manat ($7.64 billion), decreasing by 12.2 percent compared to the same period of 2019.
At the same time, as of early December 2020, deposits in the national currency increased by 6.1 percent year on year, reaching 9.31 billion manat ($5.47 billion).
(1 USD = 1.7 AZN on Dec. 28)
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