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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Azerbaijani President Ilham Aliyev on Thursday inaugurated several new enterprises and inspected ongoing construction projects in the Jabrayil district, recently liberated from occupation.
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President of Azerbaijan Ilham Aliyev has signed a decree approving a revised structure for auxiliary structural units within the country's state bodies, aiming to enhance administrative efficiency and optimize governmental functions.
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On October 2, President Ilham Aliyev has signed a decree amending the Republic of Azerbaijan’s “Rules for Issuing Investment Promotion Documents” to simplify the process for entrepreneurs to modify and transfer investment projects.
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The State Oil Company of Azerbaijan (SOCAR) has presented a comprehensive strategy to reduce emissions of methane as potent greenhouse gas through four key initiatives, the SOCAR's Deputy Vice President Hikmet Abdullayev said in a statement.
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