According to the report of the Central Bank of Azerbaijan, the level of foreign currency in the people's bank deposits was 85% as of January 1, and it was 81% as of April 1.
Slightly decreased the level of dollarization of bank deposits - as of January 1 it amounted to 76.4%, and by April 1, it was 74.9%.
At the same time decreased the ratio of deposits in foreign currency to the money supply - by January 1 it was 59.6%, and as of April 1 it was 56.7%. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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