The Financial Markets Control House (FMCH) intends to establish the Financial Stability Board.
According to the official information of the controlling structure, it is an advisory body for coordinating policies in the financial system.
Recall, FMCH was established in February by a presidential decree after the fall in oil prices and the double devaluation of the national currency. Its first practical solution was a ban on the issuance of consumer credits in foreign currency, due to the outflow of capital.
According to the CBA, in the past year cash deposits and capital outflow from the country amounted to $ 6 billion 234.4 million. The importation made $ 1 billion 589.5 million. The volume of foreign exchange reserves of the CBA by March 1 was $ 4 billion 026.3 million, to $ 11 billion 4.4 million as of March 1, 2015 (reduced by 2.74 times). --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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