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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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