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Volume of deposits in national currency greatly increases in Azerbaijan

Finance Materials 3 June 2020 20:35 (UTC +04:00)
Volume of deposits in national currency greatly increases in Azerbaijan

BAKU, Azerbaijan, June 3

By Eldar Janashvili – Trend:

The total volume of deposits amounted to 23.4 billion manat ($13.8 billion) in Azerbaijan in late April 2020, which is 5.6 percent more than in late April 2019, Trend reports on June 3 referring to the report of the Central Bank of Azerbaijan.

The volume of deposits of non-financial organizations increased by 12.3 percent compared to April 2019, amounting to 13.3 billion manat ($7.8 billion).

The volume of deposits of individuals decreased by 11 percent up to 7.8 billion manat ($4.6 billion).

As of April 2020, deposits in foreign currency amounted to 14.4 billion manat ($8.5 billion), showing an increase of 1.5 percent compared to the same period of last year.

The deposits in the national currency increased by 13.1 percent compared to April 2019, reaching 8.9 billion manat ($5.2 billion).

(1 USD = 1.7 AZN on June 3)

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