Currency Exchangers are in a Fuss
On Saturday currency exchange offices in Baku restricted the sale of currencies. "We do not have dollars," said one of the owners of the exchange office. In the morning on the scoreboard showed an increase of 0.01 points; for sale: $ 1 = 1.07 manat, purchase: $ 1 = AZN 1.06.
Exchange offices are in anticipation of another possible devaluation of the manat, rumors of which became worse after the fall in oil prices to $37 per barrel.
After the first 35% devaluation of the manat in February this year, the head of the Central Bank Elman Rustamov said about the possibility of another devaluation in the event of a fall in oil prices below $ 40.
The flames were fanned by raising interest rates by the Federal Reserve System. Azerbaijan Central Bank was forced to make a statement that did not make any statements about the influence of the ratio of US dollar and manat rate hike by the Federal Reserve System. The rate of manat against the US dollar remained stable, according to the CBA. However, the more neutral statement caused suspicion in a society that has examined the eve of the report published by the Central Bank of Azerbaijan's payment balance. The current account surplus on it by October 1, was at $ 240.5 million. This is by 37.7 times less than in January-September of last year ($ 9 billion. 65.4 million.) - 0-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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