Trading volume in the currency section of the Baku Interbank Currency Exchange (BBVB) in November 2012 was $ 78.773 million or 61.803 million manat.
This is a 13.5% decrease compared to the previous month and by 15% - compared with November 2011.
The average volume of each transaction in e-trading system on USD / AZN reached in November of this $ 2.188 million, the average daily turnover - $ 3.751 million.
Just BBVB auction in November 2012 involved 10 banks. In the reporting month, BEST carried out 42 trading sessions and there were 36 transactions.
Stock exchange turnover for the eleven months of this year amounted to the equivalent of 674.54 million manat, which is 15.8% less than in January-November last year.
The exchange rate of the national currency in the reporting month, down by 0.03% - from 0.7836 to 0.7838 for 1 USD. The average rate of the U.S. dollar against the manat in November was 0.7846 AZN for 1 USD, against 0.7849 AZN in October. - 15B -
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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