The manat depreciated by another 0.5% (0.0085 AZN) on the currency auction of the Central Bank of Azerbaijan on Thursday. The dollar exchange rate at the auction was established at 1.6867 manat. The auction began with USD 1 / AZN 1.6782.
Experts predict the appreciation of the dollar will continue until the end of the year and it will amount to 1.80-1.85 manat.
Meanwhile, a number of commercial banks buy and sell dollars at a rate exceeding 1.72 manat per dollar. -71D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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