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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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