Trading volume in the currency section of the Baku Interbank Currency Exchange (BBVB) in November 2013 was $ 39,960 million, or 31.343 million manat.
This is a 62.8 % increase compared to the previous month and almost half less than in November 2012 .
The average volume of each transaction in e-trading system on USD / AZN reached in the current October $ 2,664 million, the average daily turnover - $ 1,998 million
Just BBVB auction in November 2013 attended seven banks. In the reported month in BEST were 40 trading sessions and recorded 15 transactions.
Exchange currency turnover for the eleven months of this year amounted to the equivalent of 405.165 million manat, which is 40 % less than in the comparable period last year.
Exchange rate of the national currency in the reporting month remained unchanged at 0.7835 for 1 USD. Average rate of the U.S. dollar against the manat in November was 0.7843 AZN for 1 USD. While in October it was equal to 0.7844 AZN.
The monthly average interest rate calculated on the basis of applications of market makers in BakIBOR for 90 days in November 2013 amounted to 10.64 % in manats and 11.02 % in U.S. dollars. BakIBID bet for up to 90 days was 5.08 % per annum in local money and 4.91 % in U.S. dollars. - 15D -
Economics
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This year, Azerbaijan has experienced a significant increase in passenger traffic: from January to November, 3,230,224 travelers arrived from 41 countries, marking a 32.9% increase compared to the same period last year. This growth, reported by the State Tourism Agency, underscores the country’s rising prominence as a regional tourism hub, particularly against the backdrop of ongoing restrictions on crossing land borders.
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The Azerbaijani government anticipates fluctuations in the production of propylene, a key raw material for plastics and related products, in the coming years. According to the country's socio-economic development forecasts for 2025-2028, production levels are expected to vary, reflecting the complexity of the chemical sector and its links to broader energy markets.
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Kazakhstan has achieved significant growth along the Trans-Caspian International Transport Route (TITR), with cargo volumes increasing by 68% and container shipments soaring 2.7 times during the first 10 months of 2024. These figures, announced by Kazakhstan's Minister of Transport Marat Kabaev during a regional development meeting in the Mangystau region, highlight the crucial role of the Middle Corridor in connecting China with Europe.
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On December 9, Azerbaijani President Ilham Aliyev signed a decree approving the protocol of amendments to the Agreement on Strategic Partnership for the Development and Transmission of Green Energy. The agreement, involving Azerbaijan, Georgia, Romania, and Hungary, aims to strengthen cooperation in sustainable energy across the region.
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