On the morning of November 4 commercial banks increased the purchase and sale rate for the dollar and the euro, compared to 3 November, though there was no foreign exchange auction today. Thus, the highest USD rate is in Amrahbank: purchase - 1.702 manat, and sale - 1.722 manat. The euro rate is: purchase - 1.189 manat, and sale - 1.1914 manat.
Note that last 24 hours a number of commercial banks have twice increased the dollar and the euro against the manat.
But the purchase rate for the Russian ruble decreased due to the fall in oil prices. -02B-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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