Trading volume in the currency section of the Baku Interbank Currency Exchange (BBVB) in August 2012 was $ 71.749 million and 56.343 million manat.
This is a 17.8% decrease compared to the previous month and up 50% compared to August 2011.
The average volume of each transaction in e-trading system on USD / AZN reached this August $ 2.474 million, the average daily turnover - $ 3.417 million.
Just BBVB auction in August 2012 was attended by 8 banks. In the reported month, BEST carried out 42 trading sessions and registered 29 deals.
Stock exchange turnover for the eight months of this year amounted to the equivalent of 509.46 million manat, which is 14.3% less than in the same period last year.
The exchange rate of the national currency in the reported period rose by 0.03% - from 0.7848 to 0.7846 for 1 USD. The average rate of the U.S. dollar against the manat in August was 0.7853 AZN for 1 USD, while in July it was equal to 0.7853 AZN. - 15B -
Economics
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During the virtual conference "COP29 Action Program: Energy Initiatives and Commitments" on November 4, UNIDO (United Nations Industrial Development Organization) expert Smeeta Fokeer highlighted the importance of adopting international commitments on hydrogen and tripling renewable energy capacities by 2030 at COP29 in Baku.
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On November 4, a virtual conference titled "COP29 Action Program: Energy Initiatives and Commitments" was held at the initiative of Azerbaijan's Ministry of Energy, the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA), and specialized UN agencies—UNIDO (United Nations Industrial Development Organization) and UNECE (United Nations Economic Commission for Europe)—ahead of COP29. During the conference, Azerbaijan's Deputy Minister of Energy Orkhan Zeynalov announced three energy initiatives-declarations proposed by Azerbaijan as the COP29 chair for signing next week in Baku at the UN Climate Summit.
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Azerbaijan's Cabinet of Ministers has issued a decision to amend various resolutions following the May 1, 2023 Presidential Decree No. 2130, which approved the charter for the Medical Territorial Units Management Association (TƏBIB). The amendments aim to implement structural changes across multiple government regulations to reflect the shift of responsibilities to TƏBIB from other healthcare entities.
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Baku's trade and service sectors showed robust growth during the January to September period this year, underscoring the capital's resilience amid broader economic shifts. Trade turnover surged by 4.9% year-on-year, reaching a substantial 24.95 billion manat, according to the latest official data. This expansion reflects both a modest boost in consumer spending and the city's ongoing role as a commercial hub.
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