The Central Bank of Azerbaijan (CBA) has redeemed within 11 months of 2013 the foreign exchange market of $ 2.1 billion.
According to a statement of the bank on the main directions of monetary policy and financial stability for the next year , active manat interventions to prevent a sharp appreciation of the national currency. Rate of the manat against the U.S. dollar increased by only 0.8 %.
Foreign exchange reserves of the Central Bank widened the reporting period by 18 percent , reaching $ 14 billion. -15D -
Economics
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Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
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Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
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Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
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Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
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