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Azerbaijan-based banks get de-dollarization accelerated

As of May 1, 2017, deposits placed by the population in the banks stood at AZN 6,873,200,000, of which AZN 1,608.2 million (23.4%) are in national currency, AZN 5,265,000,000 (76.6%) in foreign currency.

Compared to the previous year, the personal savings surged AZN 200.6 million or 14.3%. Savings in foreign currency declined AZN 1,012,300,000 or 16.13%.

 

Along with this, manat deposits rose AZN 127.7 million or 8.63%, the deposits in foreign currency descended AZN 166 million or 3.1% in April

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