The US dollar has fallen in value sharply in the ‘black market’ of Baku on Saturday, November 19. While on Thursday and Friday the established purchase rate was 1 USD / 1.8250 AZN and the sale rate was 1 USD / 1.8350 AZN, on Saturday the US dollar could be bought for 1.78 manat and sold for 1.77 manat.
This gives reason to observers to believe that this week the dollar exchange rate has reached a peak and demand for the US currency has begun to fall.
It is noteworthy that CBA last two days kept the dollar against the manat stable at the level of 1.7092 AZN per 1 USD.
Throughout the last week, many commercial banks have sharply limited or even stopped selling dollars and Euros. -06D--
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review