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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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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