On the foreign exchange auction of the Central Bank of Azerbaijan on Thursday the dollar rose from 1.7296 to 1.7351 manat. The auction was attended by SOFAZ.
Note that this is the first rise in price of USD to AZN in February.
Even before the start of the auction on February 16 commercial banks slightly increased the buying and selling rates of the dollar and the euro.
Today, the dollar buying rates at commercial banks ranged from 1.72 to 1.75 manat per dollar. The selling rate started from 1.80 manat.
In the last three days the rate of purchase and sale of EUR has also grown significantly.
Recall that in the first half of February the manat strengthened against the dollar by 19 kopecks or 10%, which has been called by experts "currency speculation" at the bank level. -71D-
Economics
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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.
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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.
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