After the evening speech of the head of state on the reduction of the manat, the situation in the banking sector has not undergone major changes. In the morning queues in banks decreased, but special activity is not observed at exchangers.
At the same time, the number of people wishing to sell dollars and euros is more than those willing to buy foreign currency.
A difficult situation remains with bank cards. In particular, bank transfers of money abroad through cards are hampered.
Prices in grocery stores have changed little, but household appliances and industrial goods rose and prices have not decreased after assurances from the authorities that they will remain at the same level.
Up to now the issue of payment of foreign currency loans has not been clarified. Depositors have not received an answer to the main question: how to pay dollar loans if the amount has automatically increased by 33.5% due to the devaluation of the manat. -02B-
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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