US Dollar Rises in Price Again on Foreign Exchange Auction
On the foreign exchange auction of the Central Bank of Azerbaijan on Tuesday, the US dollar rose again.
The auction began with a rate of 1.7246 and ended at 1.7306 AZN.
Commercial banks have a 4% margin at the sale and purchase of foreign currency.
In the black market currency dealers buy and sell the currency 8-10 kopecks more expensively than the official rate is. ----71D
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- 29 November 2016 11:44
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- Economics
- 29 November 2016 12:10
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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