For the first time over the three months, the Central Bank of Azerbaijan has significantly increased the rate of manat. According to the official exchange rate from September 10 to 14 inclusive the rate of manat will be 1.6390 AZN (course on September 9, 1USD / 1,6403AZN). It should be noted that since May 26, the dollar rose steadily. The lowest rate of the US currency after the devaluation was recorded on May 26, 2016 - 1USD/1,49AZN. Turan has reported that, despite the sale on 8 September by the State Oil Fund and the Central Bank $300 million, most commercial banks on Friday did not restore the sale of foreign currency to the public. Due to the holidays, most banks will not work, and accordingly no currency will be sold. -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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