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
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
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.
-
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.
-
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.
Leave a review