Baku / 22.03.18 / Turan: "Raising the discount rate of the US dollar by another 0.25 will indirectly and not directly affect Azerbaijan," the economist Neymat Aliyev said, commenting the increase in the base USD rate by the US Federal Reserve by 0.25 on March 21.
Neymat Aliyev notes that increasing the discount rate is a decision taken by the owner, and this means increase in the price of property expressed in USD. This rise in price will manifest itself in import operations in a different currency, in relations within the framework of services.
"As for Azerbaijan, the appreciation of the dollar inside the country is connected with the decision of the Central Bank, I would not like to assess this issue yet," the expert said about the dollar"s "fate".
According to N. Aliyev, the government of Azerbaijan wants to increase exports, which in the current situation is one of the ways of the inflow of currency into the country: "However, negative influence in the field of economy can cross out the possibilities of attracting more currency into the country." -0-
Finance
-
In January-November 2024, Azerbaijani banks purchased currency worth $6,603.9 million at auctions held jointly by the Central Bank and the State Oil Fund. This was reported by the Central Bank.
-
The Center for Healthcare Provision under the Ministry of Health is holding an open tender for voluntary insurance of its goods and materials.This is reported on the unified Internet portal of public procurement.
-
The possibility to issue daily loans to Azerbaijan's non-bank credit organisations (‘NBCOs’) is now available. This is specified in the ‘Rules for Credit Risk Management of NBCOs’ approved by the Central Bank of Azerbaijan (‘CBA’).
-
As of the end of October 2024, Azerbaijani banks had assets worth 49,697.8 million manats.This is stated in the banking review published by the Central Bank of Azerbaijan.
Leave a review