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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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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