The Central Bank raised the official dollar exchange rate for 31 August. Tomorrow, the dollar will cost 1.6321 AZN ( the rate on 29 August is1.6280 manat.) Today most commercial banks have suspended the sale of foreign currency. Experts predict that in September, the official dollar exchange rate will rise to 1.65 manat. At the same time, commercial banks sell currency by 3-4 points more official rate.-79D-
Economics
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The Agricultural Subsidy Council has announced the introduction of a new type of subsidy. According to the institution's decision, starting next year, an additional 60 manat per hectare subsidy will be provided for fields using modern irrigation systems. It is stated that subsidies for repeated crops will only apply to irrigated areas starting from 2025.
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The IV Water Innovation Forum, organized by Aqualink LLC in partnership with the Caspian Energy Club, is set to take place on September 26.
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Taleh Kazimov, Chairman of the Central Bank of Azerbaijan (CBA), participated in a high-level meeting with a delegation from the International Finance Corporation (IFC), led by Regional Director for Europe, Ines Rocha. The discussion, held at the CBA, focused on key strategic priorities for transitioning to a green economy in Azerbaijan, with particular emphasis on developing essential infrastructure and sustainable financial initiatives.
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In recent years, relations between the Russian Federation and the Republic of Azerbaijan have deepened, supported by a solid legal framework comprising more than 170 agreements, according to economist Gubad Ibadoglu.
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