The Central Bank of Azerbaijan called fake the letter spread on its behalf the day before on its refusal of the AZN regulatory principles on the basis of the foreign exchange rate and precious metals in the bank.
"A letter has circulated in social networks, allegedly directed by the Central Bank to commercial banks of the country on a new course of the manat to the US dollar since March 18, 2016," CBA said. It notified that "the letter is forged and distributed for the purpose of misleading the society. The relative rate of the manat to the US dollar is determined based on supply and demand in the currency market in accordance with the policy of managed floating exchange rate announced by the Central Bank."
The letter to commercial banks previously circulated in social networks on behalf of the deputy chairman of CBA A. Babayev also said that since March 18, the manat rate is set at a ratio of $ 1 = 1.2833 manat. -0-
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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