Central Bank of Azerbaijan hit by more than double reduction in resident deposits
May 24, 2025 - 09:00
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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.