![Turnover BBVB in August Decreased by 37.1 %](https://turan.az/resized/./turan-750-500-resize.webp)
Turnover BBVB in August Decreased by 37.1 %
BAKU/06.09.13/TURAN : The volume of trading in the currency section of the Baku Interbank Currency Exchange (BBVB) in August 2013 was $ 40,901 million and 32,083 million manat.
It is up 37.1 % compared to the previous month and by 43.1 % compared with August 2012 .
The average volume of each transaction in e-trading system on USD / AZN reached this August $ 1,887 million , the average daily turnover - $ 1.604 million.
Just BBVB auction in August 2013 was attended by three banks. In the reported month, the BEST recorded 40 trading sessions and 17 transactions .
Turnover on EUR / AZN in the reporting month amounted to 50,000 manat. The average weighted Euro rate to manat on this tool made 1.0430 AZN.
Exchange currency turnover in 8 months of this year amounted to the equivalent of 318.503 million manat, which is 37.5 % less than in the comparable period last year.
The exchange rate of the national currency in the reporting month remained unchanged at 0.7835 per 1 USD. The average rate of the U.S. dollar against the manat in August was 0.7844 AZN for 1 USD., While in July it was equal to 0.7841 AZN.
The monthly average interest rate calculated on the basis of banks' applications market makers in BakIBOR loans for up to 90 days in August 2013 amounted to 9.74 % per annum in manats and 10.23 % in U.S. dollars. The interest rate on BakIBID up to 90 days was 4.61 % per annum in local and 4.39% in U.S. dollars. -15B -
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review