The Central Bank of Azerbaijan has announced the dollar rate for January 27, which was left at the current level - 1.9068 AZN. It should be noted that commercial banks buy US currency at 1,93-1,94 manat, and sell at 1,97-1,98 manat. In parallel with the increase of the dollar exchange rate increases the rate of other foreign currencies. For example, commercial banks buy Euros at 2,01-2,04 manat, and sell at 2,11-2,13 manat. -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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