Central Bank has not changed the dollar on February 13, leaving it at the level 1.7301 manats.
Meanwhile, commercial banks bought today the dollar in the range of 1,61-1,67 manat, and sold for AZN 1,7350-1,8390.
At the official exchange rate of the euro at 1.8445 AZN banks buy it from the population in the range of 1,73-1,77 manat, and sell for 1.85-1.97 manats.
Over the past 10 days the dollar rate to manat has fallen sharply, by 19 kopecks - from 1.92 manat to 2 February 1.7301 AZN 9 February.
Experts talk about the speculative nature of the strengthening of manat and state that strengthening the national currency has no economic justification. -71D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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