The Central Bank announced the rate of manat for 7 September - 1USD/1,6405AZN ( on 6 September it was 1,6362AZN.) The rate of manat is close to the historical anti-record which for 11 March, 2016 was 1USD/1,6456AZN. –79D-
2016 September 06 (Tuesday) 15:58:26
The Central Bank of Azerbaijan has published the volume of demand for foreign currency from commercial banks at the auction held on September 6.
The demand amounted to $ 588 million.
It should be noted that the State Oil Fund sold 30 banks $ 50 million on September 16. -------78D
2016 September 06 (Tuesday) 12:46:21
The State Oil Fund of Azerbaijan (SOFAZ) sold $50 million to commercial banks. The currency was acquired by 30 banks.
The real demand on the part of banks is not reported. Experts point out that the actual demand for each auction exceeds the supply by 10-12 times.
Note that since the middle of August in Azerbaijan there has been an acute shortage of dollars. ------74D
Economics
-
Minister of Economy Mikail Jabbarov held a meeting with the World Bank's Regional Director for Sustainable Development for Europe and Central Asia, Sameh Naquib Vahba, to review the ongoing and potential areas of collaboration between Azerbaijan and the World Bank. Both sides expressed their satisfaction with the progress made in joint projects aimed at boosting economic diversification and infrastructure development in Azerbaijan.
-
Azerbaijan officially presented the updated MyGov digital government platform today in the capital city of Baku, marking a significant milestone in the nation’s ongoing digital transformation.
-
On the eve of the event organized by the State Security Service (SSS), the second Baku Security Forum was held in the capital of Azerbaijan, with representatives of special services from approximately 50 countries participating.
-
Azerbaijan's viticulture sector, once flourishing with vineyard areas expanding to over 284,000 hectares in 1984, faces significant challenges today despite government initiatives aimed at revitalizing the industry.
Leave a review