At today's currency auction Central Bank of Azerbaijan (CBA) has sold $50 million to24 banks. However, the official report of the Central Bank does not specify how much was satisfied the demand for the currency. This is the first case of non disclosure of information about supply and demand on the auctions held since the beginning of this year.
It is noteworthy that at the previous auction, for the first time the CBA only by 45% satisfied the demand of banks in dollars. Independent experts have regarded it as a failure of the CBA to fully meet the demand for foreign currency.
Now, the CBA has decided to limit the information on the foreign exchange auctions in order not to become the object of negative comments.-05D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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