For the first time in the recent two years, the Central Bank of Azerbaijan has carried out two issues of short-term notes totaling 650 million manat, the Financial Markets Supervision House said.
The House registered 6 million short-term notes at par value of 100 manat each, and 500 thousand short-term notes at par value of 100 manat each.
The maturity of the notes is 28 days.
Note that this is not the only anti-inflationary instrument used by the Central Bank of Azerbaijan. Since June 2016 the Central Bank has also conducted deposit auctions.
Only in October the Central Bank raised 300.6 million manat by five deposit auctions. ----71D
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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