Almost all the Azerbaijani media do not comment on the suspension of sales of the US dollar in the country's banks.
On Monday, banks and exchange offices have not been selling dollars, despite the fact that the Central Bank announced the official dollar exchange rate of $ 1 = 1.0470 AZN.
Moreover, a number of media emphasize the strengthening of the manat against the US dollar.
This behavior suggests that the media were instructed not to touch upon this painful subject and not to create additional excitement around the monetary uncertainty.
The websites of the online media are full of a variety of domestic and international news and they little touch on the socio-political and social aspects of life.
The tension on the foreign exchange market began to be felt in the past week, and especially to its end. Rumors spread about the second wave of devaluation are not denied. The Central Bank does not comment on the current situation, only saying it is under control. -0-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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