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

GenevaTimes by GenevaTimes
May 24, 2025
in Europe
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Central Bank of Azerbaijan hit by more than double reduction in resident deposits
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Economy
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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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