The Central Bank of Azerbaijan continues the policy of strengthening of manat.
On Friday, the official dollar exchange rate for the coming weekend, and on October 3 will be 1,6170AZN level per dollar. This is by 0.25% lower than the rate on 30 September.
In September, the Central Bank took a course on the consolidation of manat and in conjunction with the State Oil Fund implemented several large foreign exchange market intervention. However, experts believe that in November and December, the demand for foreign currency will rise again due to the advent of performing companies and commercial banks foreign liabilities, which will increase the demand for dollars and euros. -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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