On Monday the Central Bank kept the dollar at the previous level - 1.7352 AZN. Commercial banks buy dollar in the range of 1.72-1.78 manats, and sell for 1,83-1,85 manat.
The official exchange rate of euro amounted to 1.8425 manat. Commercial banks buy the European currency in the range 1,8057-1,87 AZN and sell for 1,92-1,9715 manats.
In February the dollar has fallen from 1.92 to 1.7352 AZN. Experts point out the speculative nature of the strengthening of manat. -71D-
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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