Official foreign exchange reserves of the Central Bank of Azerbaijan (CBA) on September 1 of the current year amounted to $ 11,279.3 million
According to the CBA, in August, foreign exchange reserves increased by $ 156.6 million or 1.4% and the beginning of the year increased by $ 797.8 million or 7.6%.
Over the past 12 months reserves of the Central Bank increased by $ 4,165.1 million, or 58.2 percent.
The current level is the historical maximum for foreign currency reserves. - 15B -
Economics
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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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