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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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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