On 5-7 March the Central Bank lowered the exchange rate of the manat to the US dollar to 1.6105 manat, said the CBA. Today the rate of dollar was 1,6019 manat. Thus, during the day manat depreciated against the dollar by 0.86 gepik. Since the beginning of the week manat fell by five gepik, that is more than 3%. -06D-
2016 March 04 (Friday) 14:15:30
In today's auction for the sale of foreign currency, organized by the Central Bank of Azerbaijan, the main regulator did not participate.
According to the Azerbaijani State Oil Fund (SOFAZ), it allocated funds in the amount of $ 100 million.
In total, the auction was participated by 26 commercial banks, which bought the entire declared amount.
SOFAZ sells foreign currency within the approved transfers to the state budget at the level of 7 billion 615 million AZN. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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