Dollar Rises in Price after a Few Days’ Break
In the foreign exchange auction of the Central Bank on Tuesday, the US dollar rose again. As stated in the report of the Central Bank, the auction began with a rate 1 USD / 1.7091 AZN and completed with 1.7146 AZN.
The dollar selling rate at commercial banks exceeded AZN 1.77.
The rise in price of US currency began in mid October and was suspended last week.
Experts believe that by the end of 2016 the dollar will cost 1.80 - 1.85 manat. -71D-
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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