Azerbaijan Central bank did not increase the dollar on January 18, leaving it at the level 1.8045 manats. Today, commercial banks bought dollar at 1.77-1.80, and sold at 1,86-1,88 manat. The Central Bank has changed the rules of foreign exchange auctions and now holds auctions three times a week - on Mondays, Wednesdays and Fridays. On Tuesdays and Thursdays the Central Bank itself determines the dollar rate. -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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