Baku / 04.26.19 / Turan: Macroeconomic indicators give reason to predict that the manat rate will remain stable until the end of the year.
The Chairman of the Board of the Central Bank of Azerbaijan Elman Rustamov said this at a press conference on Friday.
Among the factors contributing to the preservation of the stability of the national currency, Rustamov called high oil prices on world markets.
In addition, trading at the currency auctions of the CBA also gives grounds for an optimistic forecast about the manat rate.
"The State Oil Fund even lags behind its currency sales schedule. Demand and supply at currency auctions almost coincide. In the first quarter, the Oil Fund sold $ 1.5 billion at foreign exchange auctions, and to date, $ 1.9 billion. According
to the schedule, the Fund lags $ 100 million behind the schedule in sales," the head of the CBA said.
He also noted that from the beginning of the year there was no need for currency interventions by the CBA. -71D-
Social
-
On Tuesday, rainy weather with thunderstorms and moderate northwest wind is expected in the Baku, according to meteorologists. The rainy weather will continue untill Wednesday evening. The air temperature at night will be +7 to +10°C, and during the day, +11 to +13°C. The humidity will be 80-90% at night and 70-80% during the day. Rain with thunderstorms will also affect other parts of the country. Snow is expected in mountainous areas. There will be fog in places, with westerly winds.
-
Industry leaders from Google, Ambition Loop, and Azerbaijan Railways joined Azercell to explore corporate responsibility, innovative solutions, and collaborative approaches to advancing sustainability
-
The COP29 conference concluded in Baku, leaving behind a trail of controversy and criticism. Renowned historian Jamil Hasanli characterized the event as a vivid reflection of governance problems in Azerbaijan under President Ilham Aliyev. Hasanli, a staunch critic of the administration, described COP29 as an expensive spectacle that exposed systemic failures and intensified international scrutiny of Azerbaijan's political and economic structures.
-
President of the European Parliament Roberta Metsola has invited Azerbaijani economist and political prisoner Professor Gubad Ibadoglu to Strasbourg to attend the 2024 Sakharov Prize award ceremony. The invitation, delivered by Member of the European Parliament Michael Bloss at the COP29 climate conference, comes as Ibadoglu remains under house arrest and prohibited from leaving Azerbaijan.
Leave a review