The official US dollar exchange rate was set on June 29 by the Central Bank of Azerbaijan at the level 1.5363 manats. This is slightly more than the rate on 26-28 June (1.5332). The rate of dollar continues to grow steadily in respect to manat for the fourth week. Commercial banks are buying dollars from the population at the rate of 1,52-1,53 manat, but sell at 1,59-1,595 manats, i.e. a margin of just 0.07 AZN, while in the early months the difference between the buying and selling of the dollar was only 0,02-0,003 manat. Many commercial banks have set limits on the dollar sale and sell one hand no more than 500-1000 dollars. Against this background, a number of experts predict a new devaluation of manat.-06D-
Economics
-
Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
-
Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
-
The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
-
But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
Leave a review