International assets of Azerbaijan excluding the Oil Fund of Azerbaijan fell in February this year by $ 117.19 million, or 0.9%, to $ 12,732.66 million According to the beginning of the year, it increased by $ 489 25 million or 4%.
According to the Central Bank of Azerbaijan, in the structure of international assets in the reporting period decreased funds in various foreign currencies (primarily U.S. dollars and euros) to $ 12,493.03 million cost of the basket of Special Drawing Rights (SDR), which paid for the country's share in the authorized capital of the International Monetary Fund has decreased by 1.7% to $ 239.43 million.
For the annual period the country's international assets increased by $ 1642.34 million or 14.8%. - 15B -
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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