Trading volume in the currency section of the Baku Interbank Currency Exchange (BBVB) in October 2012 was $ 91.075 million and 71.488 million manat.
This is a 125% increase compared to the previous month and up 19.4% compared with October 2011.
The average volume of each transaction in e-trading system on USD / AZN reached this August $ 2.397 million, and the average daily turnover was $ 4.337 million.
The BBVB auction in October 2012 was attended by 13 banks. In the reported month, BEST carried out 42 trading sessions and recorded 38 transactions.
Stock exchange turnover for the ten months of this year amounted to the equivalent of 612.738 million manat, which is 15.9% less than in January-October last year.
The exchange rate of the national currency in the reported period rose by 0.13% - from 0.7846 to 0.7836 for 1 USD. The average rate of the U.S. dollar against the manat in October was 0.7849 AZN for 1 USD, against 0.7853 AZN in September. - 15B -
Economics
-
The safety of metro passengers is a top priority, Vusal Aslanov, Chairman of “Baku Metro” CJSC, told journalists citing the transport system’s handling of 229-230 million passengers in 2024.
-
New data reveal dramatic increases in both foreign arrivals and Azerbaijani departures, highlighting the country’s evolving role as a regional travel hub. In a striking demonstration of its growing global connectivity, Azerbaijan saw a significant surge in international arrivals during 2024. According to figures released by the State Border Service, the country welcomed approximately 2.63 million non-citizen visitors—a 25.9% increase over the previous year—representing travelers from 196 countries. The latest data underscore Azerbaijan’s escalating prominence on the international stage, both as a destination and a departure point.
-
Global food prices decreased in 2024, but Azerbaijan bucked the trend, recording a rise in food expenditures. Experts believe this necessitates urgent expansion of agricultural production to safeguard the domestic market.
-
Italy, one of the European Union's largest economies, solidified its position as a key importer of Azerbaijani natural gas in 2024, despite a notable decline in domestic gas consumption. The country imported 58.7 billion cubic meters (bcm) of natural gas, meeting most of its annual demand of 61.7 bcm—a 2.5% drop compared to 2023. This data, reported by the Italian energy market regulator GME, highlights shifts in Italy’s energy sourcing and consumption patterns.
Leave a review