The AZN rate dropped by 10 points on December 30. On the morning of December 30 the scoreboards of the exchangers showed a new course: the purchase of the US dollar was at 1.6 manat, and the sale – at 1.7 manat (Euro buying was at 1.7 AZN, and Euro sale was at 1.72 AZN).
The previous rate of $ 1 = 1.52 AZN, $ 1 = 1.57 AZN, announced after this year’s second devaluation of the manat, lasted only a week. CBA announced a "floating" exchange rate of manat (minus 47.7% against the dollar and 48% against the euro) on December 21.
This decision of the Central Bank caused a panic on the currency market. Exchange offices are in fever. Today, some of them were closed for buyers and sellers of currencies. -0-
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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