In the foreign exchange auction Feb. 14 the offer was 35 million dollars, and the demand was 37 million dollars, the executive secretary of the movement Republican Alternative (REAL), economist Natig Jafarli said.
“Despite the fact that the demand exceeded the supply by 2 million dollars, the dollar fell from 1.7301 to 1.7296 manat. so there are no floating rates. This is the result of a narrow, temporary personal interest,” Jafarli said.
Recall that after prolonged growth in the dollar, which started from the middle of October 2016, in February 2017 the manat strengthened sharply. In February, the national currency has strengthened by 19 kopecks from 1.92 to 1.72967 manat per US dollar. -----71D
Economics
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On Thursday, President Ilham Aliyev spoke at a high-level meeting dedicated to Azerbaijan's economic indicators and future strategies, emphasizing significant growth in the non-oil sector and outlining plans to maintain economic stability by the end of the year.
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As part of efforts towards decarbonization, Samira Musayeva, Deputy Head of the State Tax Service at Azerbaijan's Ministry of Economy, met with a delegation from the World Bank during the International Carbon Pricing Forum in Baku. According to the State Tax Service, the meeting focused on exploring various approaches to carbon pricing and promoting sustainable economic development.
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Baku, September 26, 2024 — On September 26, the 2nd Economic Forum of the member countries of the Azerbaijan-Gulf Cooperation Council (AGCC) officially opened in Baku. The event was organized with the support of the Ministry of Economy and the Agency for Export and Investment Promotion of the Republic of Azerbaijan (Azpromo).
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In the first eight months of 2024, Azerbaijan's fruit and vegetable export sector experienced notable fluctuations, with a general decline in the physical volume and value of key export products. Compared to the same period in 2023, exports of fruits and vegetables decreased by 6.1% in physical volume and 3.3% in value, signaling a challenging year for the sector.
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