Azerbaijani Central Bank again lowered the rate of the manat in ratio to the US dollar on Monday, setting it at the level - 1.5518 manat to the dollar, instead of the previous rate at 1.5487. Reduction course has been lasting for four weeks. The exchange rates at commercial banks is even lower, and dollars are sold at AZN 1.6 per dollar. At the same time decreased the rate of the manat against the euro, which fell to a level 1,71.-16D-
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review