The spread of false information via SMSs about the course of the dollar against the manat has been violated, the Financial Markets Supervision House (FMSH) of Azerbaijan stated.
'Together with the relevant government authorities we have suspended the activities of an entity that circulated false information about the rate, using the short number 9944. The report said that in the market the dollar purchase price is 1.785-1.87 manats, while the Central Bank's official exchange rate is 1.6362 manats. The entity even pointed out its phone number, where people could contact them - (+9912) 404 13 89,' the statement said.
Recall, the currency exchange rate corridor set by the Central Bank for currency exchange points of banks as of September 7 is as follows: the purchase of US dollars - not less than 1.5708 manats to $ 1, and the sale - no more than 1.7016 manats to $ 1.
FMSH "forgets" that, given the failure of commercial banks to sell dollars, the black market is thriving. Simply the closed entity tried honestly to legalize the currency as a commodity at a price more affordable than offered by the dealers at the 28 May subway station. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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