The Financial Markets Supervision House registered 500 thousand short-term notes of the Central Bank of Azerbaijan with a par value of 100 manat each.
The House said the notes under the serial number 50100753S will be in circulation for 28 days.
Recall that a week ago the House registered two emissions of 1 million short-term notes of the Central Bank at par value of 100 manat each.
Note that notes are issued as part of anti-inflation measures. In addition, for the sterilization of money, since June 2016, CBA has been conducting weekly deposit auctions. ----71D
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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