At the currency auction of the Central Bank, the manat strengthened by more than 1 gapik - from 1.7563 manat to 1.7431 manat per dollar.
The auction was attended by the State Oil Fund.
Experts consider the process of strengthening the manat to be speculative, noting the absence of real economic reasons for this.
We should note that in February the manat sharply strengthened to the dollar by more than 19 gapik.
On March 9, commercial banks buy USD from the population in the interval 1.73-1.75 manat, and sell it for 1.76-1.81 manat. -71D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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