The inflation rate in Uzbekistan will be 12-13.5 percent in 2020, Trend reports referring to the report on preliminary indicators of monetary policy following the results of 2019 published by Uzbekistan’s Central Bank.

On June 20, the Baku Stock Exchange (BSE) will hold an auction to place short-term notes of the Central Bank of Azerbaijan worth 300 million manats, the BSE announced.

The Central Bank of Turkey raised its forecast for the exchange rate of the U.S. dollar to Turkish national currency, the lira.

Cenral Bank of Azerbaijan has addressed a proposal to the Azerbaijan Banks Association on the provision of the PayPol system services Day.az reports.

Russia and Iran could reach an official agreement on the transition to payment in local currencies.

Official exchange rate of manat, the Azerbaijani national currency, against the US dollar was set at 1.5421 manats for March 31, said Azerbaijan’s Central Bank (CBA) March 30.

The State Oil Fund of the Azerbaijan Republic (SOFAZ) sold $ 200 million to 32 local banks through the auctions of the Central Bank Jan. 13, SOFAZ said Jan. 13.

Azerbaijan’s national currency manat continues to be the central character of the day for most of the population as it has switched to the free-floating rate in December end. The heart-to-heart talk between manat and dollar continues on the background of the oil prices drama.

The Central Bank of Azerbaijan is planning to lower the minimum capital ratio requirement for local banks to 10 percent from the current 12 percent by 2015-end, Fitch Ratings said on December 25.

Total assets of Uzbekistan’s commercial banks stood at 62.1 trillion soums as of late September 2015, while the total loan portfolio of the country’s banks reached 39.7 trillion soums, said the message from the country’s Central Bank.