
For the first time over three months manat strengthened slightly
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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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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