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 foreign direct investment (FDI) portfolio for the first half of the year continued to be dominated by the oil and gas sector, which attracted 80.4% of the total FDI inflow of $3 billion, according to the Central Bank of Azerbaijan. This reflects a persistent trend of reliance on energy resources, as the country plays a critical role as a key energy producer in the region.
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A Baku seminar titled "Green Building Initiative in Azerbaijan," held on September 12, spotlighted the country’s increasing focus on sustainable construction. Organized by the State Committee for Urban Planning and Architecture, in collaboration with the International Finance Corporation (IFC), the event brought together key stakeholders from both the public and private sectors, reflecting a growing national commitment to environmentally conscious building practices.
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The Central Bank of Azerbaijan (CBA) today held a briefing on the financial results for the first half of 2024, shedding light on the country’s economic health and key indicators influencing its external balance. Samir Nasirov, Director of the CBA Statistics Department, outlined the current account surplus, foreign investments, and other critical metrics during the event.
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On September 11, 2024, Azerbaijan's Economic Council, chaired by Prime Minister Ali Asadov, convened to review the draft state and consolidated budgets for 2025-2028. The meeting, dedicated to key financial and economic issues, addressed global economic trends, macroeconomic forecasts for 2024-2028, and the country’s budget policy for the coming years.
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