The Central Bank of Azerbaijan (CBA) took 491 counterfeit banknotes in the amount of AZN 7,901 out of circulation last year, the annual report of the chief financial regulator of the country reads.
The total volume of cash in circulation by the beginning of the year amounted to 10.8 billion manats (minus 1.7% per year), or 513 million banknotes, of which 47% are bills and 53% are metal money. Moreover, almost all (99.6%) the cash in circulation accounted for paper money.
The most common are bills worth 100 manats - 73.1 million pieces, 1 manat - 56 million, 50 manats - 54.6 million, 20 manats - 23 million, 5 manats - 21.1 million, and 10 manats - 13.3 million. --17D-
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review