BAKU, Azerbaijan, Aug. 8
By Zeyni Jafarov - Trend:
There was such information during the outgoing week that the foreign exchange reserves of the Central Bank of Azerbaijan (CBA) have grown as of late July 2021.
According to the CBA, this indicator exceeded $6.4 billion, which is 0.4 percent more than in the late July 2020.
The monetary base in Azerbaijan increased as of late July 2021.
According to the CBA, this indicator amounted to over 14.2 billion manat ($8.11 billion), which is 2.54 billion manat ($1.49 million, or 21.7 percent) more than in late July 2020.
The State Oil Fund of Azerbaijan (SOFAZ) sold $461.6 million at foreign exchange auctions in July 2021, which is by 10.5 percent less than in July 2020.
The currency is sold within SOFAZ’s transfers to the Azerbaijani state budget.
The changes were made to the budget of SOFAZ for the last year upon the decree of the Azerbaijani president dated August 31, 2020.
The total volume of securities transactions at Azerbaijan’s Baku Stock Exchange (BSE) during seven months of 2021 increased by 57 percent on an annual basis.
In accordance with the data, the volume of securities transactions for the reporting period amounted to 9.5 billion manat ($5.6 billion).
There is an increase of 38 percent in the primary capital market from January through July 2021, in the state securities market - by 41 percent and in REPO transactions - 3.3 times.
The capitalization of the BSE as of the last trading day in July 2021 amounted to 4.3 billion manat ($2.5 billion), having increased by 11 percent since the beginning of the year.
Azerbaijani A-Group insurance company has been included in the register of insurers entitled to carry out activity within the 'Green Card' system, the Compulsory Insurance Bureau of Azerbaijan reported during the outgoing week.
The Azerbaijani manat rate strengthened compared to the euro and Turkish lira while the prices for precious metals decreased in Azerbaijan during the outgoing week.
---
Follow the author on Twitter: @jafarov_zeyni
