Today, commercial banks imposed a de facto ban on the withdrawal of dollars by using payment cards through ATMs. Turan’s correspondent in an experiment tried in vain to make it through two cards.
That is to say, the issuance of currency to customers has been limited. In addition, the possibility of withdrawing money from accounts in banks and their branches through cash has been restricted to the range of $ 2 thousand due to the shortage of cash. Moreover, banks have introduced restrictive rates on foreign currency deposits - 2 to 3% per annum.
Recall, in the “gray” market the exchange rate of the manat is at 2 AZN to $ 1. - 17D-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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