Foreign Exchange Reserves of Central Bank Increased During the First Three Quarters by 10%
Official foreign exchange reserves of the Central Bank of Azerbaijan (CBA) on October 1 of the current year amounted to $ 11,506.5 million.
According to the CBA, in September, the foreign exchange reserves increased $ 227.2 million, or 2%, and since the early year - $ 1,025 million or 9.8%.
Over the past 12 months the reserves of the Central Bank increased $ 4,563.2 million or 65.7 percent.
The current level is a historical high for the foreign exchange reserves. - 15B -
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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