Devaluation of Azerbaijani National Currency; Causes and Consequences

Devaluation of Azerbaijani National Currency; Causes and Consequences Starting from February 21st, 2015, the official exchange rate of the dollar to the manat, Azerbaijani national currency, has been set at 1.05 manat, which is 33.86 percent more than the exchange rate set before the beginning of the weakening process of the rate. Azerbaijani national currency has been depreciated against US dollar the first time since 2006. Central Bank of Azerbaijan has had face an dilemma... Read More

Expert: Azerbaijan will pay AZN 10 000 for the birth of girls

Expert: Azerbaijan will pay AZN 10 000 for the birth of girls “It’s not such a big sum for the budget.” Azerbaijan to introduce a new system to encourage girls’ parents. Oxu.Az reports with reference to 1news.az that the statement came from the chairman of the Center for Economic and Social Development Vugar Bayramov. According to him, if any family has the second girl, an account with AZN 10 000 will be opened on her name. “Incentive system is... Read More