The Central Bank of Azerbaijan has announced the official rate of the manat to the US dollar on March 12-14. Rate USD/AZN was 1.6411 manat.
Thus, for the first time since early March manat slightly strengthened against the dollar. The official dollar exchange rate on March 11 was 1.6456 manat .--- 06D—
2016 March 11 (Friday) 16:52:01
Today the State Oil Fund of Azerbaijan (SOFAZ) put up forsale at the currency auction $200 million US dollars. The demand of commercial banks amounted to $68 million. For the first time since the beginning of March at the auction the offer exceeded demand.—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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