The Central Bank announced on Wednesday the dollar rate for November 17, which remained at the same level 1.7039 manats per US dollar. According to Turan was, against the background of rapid growth of the dollar which began in mid-October, most commercial banks have stopped the sale of US currency. So, on November 16 up to 15 banks stopped selling dollars and euros to the population, and that contributes to the prosperity of the "black market."
So, at the official exchange rate of 1.7039 manat per dollar, the banks sold the currency for 1.7720 and buy at 1.7670 AZN.
At the same time, on the "black market" dollar is offered at for 1.82 and 1.81 AZN for purchase.
Experts predict that by the end of the year the official exchange rate will be 1.80-1.85 manats. -71D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review