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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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