Azerbaijani Central Bank on Wednesday has not changed the dollar on February 9, leaving it at the level 1.8252 manats. Meanwhile, commercial banks have drastically reduced the rate for the dollar, which on February 8 was in the range of 1,68-1,73 manat; selling rate was in the range of 1.78-1.89 manats per US dollar. At the same time, the official euro exchange rate is 1.9489 manat.
Commercial banks bought the European currency for February 8 1.75-1.83 manats, and sold for 1.90-2.02 manats.
Over the past three days the dollar and the euro fell sharply, without any obvious economic or political reasons.
This makes experts suggest that in the foreign exchange market there is an outright speculation, and with the participation of the Central Bank already. Since the beginning of February manat strengthened against the dollar by more than 9 kopecks - from 1.92 manat February 2 to 1.8252 AZN on 8 February. -71D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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