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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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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