On the foreign exchange auction of the Central Bank on Monday the dollar was AZN 1.8045, exceeding the previous rate by 2 gapik.
SOFAZ took part in the auction.
Note that according to the new rules of the auction, commercial banks are not allowed to sell currency.
After the abolition of the 4% margin commercial banks themselves determine the exchange rate for buying and selling.
As of January 16, the banks buy the dollar from the population in the range of 1.78-1.82 and sell it at AZN 1.86-1.89. -71D-
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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