In January, the turnover of the national payments system decreased in all respects.
According to the Central Bank of AR (CBA), the turnover of large-value payment system (AZIPS) in the starting month of the year was at the level of 7 billion 626 million manat (minus 0.3% as of 1 February of last year). Within its framework, there were held 21,000 operations (minus 16%) with an average size of each - 363.1 thousand manat (+ 18.7%), with a trend of increasing withdrawal from circulation.
Within the system of small payments (XOHKS) in January (2 million 331 thousand operations) in turnover there was 1 billion 41 million manat (minus 1.1%), with an average amount of each payment 446.6 manat (minus 4.2 %). --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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