On December 18, BSE limited the acceptance of applications in the trading system of the Exchange for the purchase of the Russian ruble. BSE explained this step with the low level of liquidity of the USD-RUR currency pair in the international market.
The stock exchange noted that clients that submitted earlier applications for purchase may continue operation of the currency pair.
Note that the current exchange rate of the US dollar against the Russian ruble on margin trading in BSE is 60.0359 (as of 11:52:17 on December 18).
BSE this year organized margin trading with derivative currency instruments and has been actively trading Forex on over 50 currency pairs. In October there were concluded 4,909 transactions totaling 697.2 million manat. Forex services are provided by the broker company Standard Capital, Uni Bank, and Demir Bank. 08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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