On October 1, 18% reduced the money supply, including cash, time and demand deposits and etc. According to the Central Bank of Azerbaijan (CBA), in the first three quarters it amounted to 17 billion 684,020,000 manats.
The appeal is 5 billion 456.9 million manats (minus 46.25% YTD). According to the table of the CBA, a significant decline compared to January 1 applies to all monetary aggregates. The only position has undergone a twofold increase - bank deposits in foreign currency (8 billion 315 million manats as of 1 October), due to the dollarization of deposits amid falling oil prices and the February devaluation of the manat, which caused investors to distrust the national currency. --17D-
Economics
-
In Azerbaijan, there has been an observed increase in the price of flour. In May, a 50-kilogram sack of flour cost 25-26 manats, but now it has risen to 29 manats. This increase in the price of flour is also reflected in the data from the State Statistics Committee (SSC).
-
Azerbaijan and Israel have engaged in discussions to advance cooperation in the field of green energy, Azerbaijan's Energy Minister Parviz Shahbazov announced on the social network "X." During the meeting with Israeli Minister of Regional Cooperation David Amsalem, both sides reviewed ongoing cooperation in the hydrocarbon sector, discussed renewable energy projects currently being implemented in Azerbaijan, and explored prospects for enhancing bilateral energy ties.
-
The Milli Majlis of the Republic of Azerbaijan has introduced significant amendments to the nation’s food safety law, aiming to enhance regulation over the production and importation of alcoholic beverages, particularly vodka. The amendments, ratified by President Ilham Aliyev, are intended to ensure compliance with stringent safety and economic criteria, reflecting the government's commitment to maintaining public health standards and fiscal accountability.
-
The Cabinet of Ministers of the Republic of Azerbaijan has approved amendments to the list of specialized medical institutions authorized to perform donor organ transplants. The changes, guided by the eighth paragraph of Article 119 of the Constitution of Azerbaijan, were announced in resolutions No. 337 and No. 338, signed by Prime Minister Ali Asadov.
Leave a review