Last year the Central Bank of Azerbaijan (CBA) sold foreign currency in the amount of $ 8.42 billion to customers, including commercial banks of Azerbaijan. As stated in the report on monetary policy on its official website, the year before the CBA preferred purchase of foreign currency ($ 143 million).
Most of dollars and Euros were sold to customers in the first quarter of last year ($ 3.9 billion), followed by the fourth quarter ($ 1.97 billion). From July to October, it sold $ 1.51 billion, while in the second quarter - $ 1.04 billion.
Through exchangers the population was sold $ 8.8 billion by banks. (+ 47.4% to 2014), and the first quarter is again the leader against the backdrop of the February devaluation of the manat ($ 4 billion 332 million plus 244 million Euros).
The CBA reports that in two stages of the devaluation the national currency slipped against the US dollar by 98.8%, and by 79% against the euro. --17D-
Economics
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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