The Central Bank of Azerbaijan (CBA) has established a course USD/AZN on August 6-8 at the level of 1.6005. On August 5 USD/AZN 1,5980 course. Thus, for two months the rate of dollar has risen in price by about 0.11 manat, and crossed the psychological mark of 1.6 manat. This trend once again caused a stir in the foreign exchange market of Azerbaijan. Today, a number of commercial banks have stopped selling the US currency. Other banks have restricted the sale of dollars and released in one hand 500 or 1000 USD.-06D--
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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