2024 Azerbaijan's financial sector stability improves due to non-oil sector growth, stable currency, and regulatory enhancements.

Azerbaijan's financial sector stability has notably improved in the first half of 2024, as reported by Central Bank Director Shahin Mahmudzade. The macroeconomic landscape is positive, primarily driven by the non-oil sector, with stable currency exchange rates, rising employment, and increased incomes contributing to resilience. Legal and regulatory enhancements in the banking sector aim to boost safety, transparency, and risk management, supporting ongoing economic growth.

October 01, 2024
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