The volume of cash in circulation by the end of the first half of 2015 amounted to 6 billion 355.6 million manats (minus 37.4% to 1 January). The money supply in broad definition also reduced, including cash, time deposits and demand deposits, which stood at 18 billion 849.4 million manats (minus 12.6%), according to the information on the website of the Central Bank of AR ( CBA).
This 90.2% increase in foreign currency deposits, mainly in US dollars, amounted to 7 billion 857.6 million manats. The share of this segment in the structure of broad money by July 1 was 41.68%. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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