On the foreign exchange auction of the Central Bank on February 14 the dollar fell from 1.7301 to 1.7296 manat.
The auction was attended by the State Oil Fund.
In general, in February the dollar rate to manat fell by 19 kopecks.
Thus, on February 1, the dollar was 1.92 manat.
In parallel, EUR also falls. In February, the pan-European currency fell from 2.0719 to 1.8358 manat.
Commercial banks buy dollars from the population in the range of 1.68-1.73 manat, and sell them at 1.74-1.76 manat.
Customer can buy euros in commercial banks in the range of 1.8570-1.92 manat and sell them at 1.80-1.83 manat.
Experts believe the current strengthening of the manat is speculative, stressing that this has no economic justification. -71D-
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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