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
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review