The floating rate of AZN had to be entered when the currency stock was still considerable, and not now. This is how the new devaluation and floating rate of the manat was commented for Turan IA by the MP and economist Vahid Ahmedov.
"If it was done this summer, at the beginning of the fall in oil prices, there would be no need to move to a floating exchange rate, and foreign currency reserves would not decrease from 15 to 5 billion," said the MP.
In his view, this step will affect all – prices will rise and inflation will increase. At the same time the MP believes that the exchange rate announced by the Central Bank is not critical, as it is necessary to wait for the reaction of other banks to the decision.
In February this year, the dollar rose from 78 kopecks per USD to 1.05 manat. -05B04-
Politics
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On November 28, the Tbilisi City Court ruled to extradite Afgan Sadigov, the head of the website Azel.TV, to Azerbaijan. This was reported by his wife Sevinj Sadigova. The defense will appeal the court's decision.
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The leader of the Azerbaijan Popular Front Party (APFP), Ali Kerimli, has stated that his internet blockade has become more severe. “For almost five years, I have been under an internet blockade. But recently, it has taken on an openly blatant and shameless form,” Kerimli said during a press conference today.
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On November 27, an online hearing took place at the Khatai District Court regarding a petition from the defense for the release of Alaskar Mammadli, the founder of Toplum TV, under house arrest. Mammadli has been in custody at Baku’s Detention Center No. 1. The court denied the petition, Mammadli's brother, Nasimi Mammadli.
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On November 28, another hearing took place in the case of public activist Ilhamiz Guliyev. During the proceedings, the court reviewed a response from the 28th Police Station of the Yasamal District in Baku. At the previous hearing, the defense had requested that the court obtain footage from the surveillance cameras at this police station, where Guliyev was taken on December 4 of last year. However, the police response stated that the video footage had not been preserved.
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