The Central Bank of Azerbaijan (CBA) announced the official exchange rates on March 11th. Thus, the exchange rate USD/AZN was set at 1.6456. Compared to March 10 fell by 0,014 manat manat, or by more than one gepik. In early March $1 was worth 1.5687 manat. Thus, over a week and a half manat fell by almost 8 gepik, or almost 5%. Earlier, the authorities explained depreciation of the national currency by falling oil prices, calling it a "floating rate". Now, against the background of the oil price increase power does not explain why AZN continues to "sink". -06D-
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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