The population continued to withdraw deposits from banks in Azerbaijan - by February 1, they were at the level of 8 billion 643.3 million manats.
According to the Central Bank of Azerbaijan, it is 830 600 000 (8.77%) less than at the beginning of the year.
In absolute terms the level of bank deposits in the national currency over the past year increased by 33.6%, but in reality it decreased by 66.4% - as a result of the two waves of devaluation on 21 February and 21 December 2015 the manat sank almost 100 % to USD. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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