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
-
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.
-
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.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review