radioazadlyg.org
The amount of cash and funds of commercial banks deposited with the Central Bank of Azerbaijan Republic as required reserves by 1 August was 7 billion 467.5 million manat (minus 19.5 million to July 1 and 129.8 million to June 1).
Let's remind that the monetary base, according to the CBA, as of January 1, was equal to 11 billion 541.9 million manat, that is in seven months the decline was more than a third - 4 billion 74.4 million or 35.3% .
By the way, by September 1 last year, the monetary base amounted to a record in the history of the CBA 11 billion 743.6 million manat. The result of "compression" were the low international oil prices and the February devaluation. --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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