Last year CBA purchased on the domestic market $ 2.46 billion in excess of supply over demand.
According to the data given in the annual report to the CBA, the domestic foreign exchange market in the country last year increased in comparison with 2012 by 7.4% - to $ 44.7 billion. The share of interbank foreign exchange market operations by the end of 2013 was 26% against 27 % a year earlier.
At last year's currency transaction observed "intervention" of U.S. dollars (94% of all transactions or 1% more than in 2012). Other foreign currency transactions - 6% - occurred in the euro. - 17D-
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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