JSC Capital Bank has begun to sell US dollars at the official rate of the Central Bank, the bank's press service said.
Maximum US dollar selling rate will not differ from the daily rates of the CBA. The exchange rate policy for the purchase of US dollars, euros and other currencies has not changed.
According to the decision of the Board of the Central Bank, margin buying and selling of foreign currency may vary in the range of 4%.
Capital Bank is one of the active participants in the foreign exchange auctions held by CBA since the end of December 2015. ----08D
Economics
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Azerbaijan began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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