The Central Bank of Azerbaijan manat strengthened by 0.14%. The official dollar exchange rate on October 5 will be 1,6115AZN. The rate for 4 October was 1,6138AZN.
After the summer rise in price of the dollar, the government began to restrain the national currency from falling. Starting in September, the Central Bank periodically strengthens manats.
On September 9, the dollar reached 1,6403AZN, then Central Bank and the State Oil Fund implemented several large foreign exchange interventions.
However, experts believe that in November and December due to the payment of external debts of companies and banks the demand on foreign currency will increase. -71D-
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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