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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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