Azernews.Az

Saturday July 5 2025

Bank deposits of Azerbaijan's population increase

24 January 2020 19:44 (UTC+04:00)
Bank deposits of Azerbaijan's population increase

By Trend

Volume of deposits of Azerbaijan's population in national currency increased by 7.5 percent from January through November 2019 compared to the same period of 2018, amounting to 8.8 million manat ($5.1 million), Trend reports.

Some 54.1 percent of deposits were made in foreign currency and 45.9 percent in national currency. Herein, the deposits in the national currency increased by 32 percent, while in foreign currency dropped by 7.1 percent.

The average exchange rate of USD / AZN was 1.70, EUR / AZN - 1.89, RUB / AZN – 2.70.

In the beginning of 2020, the average rates have become as follows: 1.70, 1.90, and 2.63 respectively.

(1 USD = 1.7 AZN on Jan. 24)

---

Follow us on Twitter @AzerNewsAz

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more