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
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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