The Central Bank of Azerbaijan (CBA) bought in January-December 2012 on the market $ 1584 million.
It is noteworthy that in the corresponding period of 2011, the bank was forced to sell $ 4153.2 million from its reserves to maintain stability of the manat.
According to a report on the results of the CBA monetary policy for the four quarters of 2012, the official rate of the manat against the U.S. dollar appreciated by 0.19%. A year earlier the rate was at 1.4%.
Over the past 15 years, the average annual exchange rate of manat was less than 1%, the central bank said. - 15B -
Economics
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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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