ECONOMY

NEWS

SOFAZ has stopped gold sales

— ECONOMY
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has stopped gold sales in the second quarter of this year. elchi reports, citing SOFAZ, that the Fund’s gold reserves amounted to 178.1 tons. It should be noted that as of July 1 of this year, the share of gold in SOFAZ’s investment portfolio was […]
NEWS

The price of Azerbaijani oil has exceeded 100 dollars

— ECONOMY
Azerbaijani oil of the “Azeri Light” (CIF) brand has increased in price on world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 1.83 dollars or 1.85%, reaching 100.56 US dollars. It should be noted that the previous price of Azerbaijani oil was 98.73 US dollars. We remind you […]
NEWS

Gold and silver prices have decreased

— ECONOMY
The value of futures for one troy ounce (31.1 grams) of gold in commodity markets has decreased. elchi reports, citing exchange data, that the value of June 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange decreased by 0.61% to 4126.4 US dollars.   The price of July 2026 […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on July 22, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0360 manats. In turn, 100 Russian rubles increased to 2.1726 manats, and the Euro increased to 1.9436 manats. USD 1.7 […]
NEWS

The next meeting of the CICA Senior Officials Committee was held under the chairmanship of Azerbaijan

— ECONOMY, NEWS FEED
The next meeting of the Senior Officials Committee of the Conference on Interaction and Confidence Building Measures in Asia (CICA) was held at the administrative building of the CICA Secretariat in Astana under the chairmanship of the Republic of Azerbaijan. This was reported to “Elchi” by the Ministry of Foreign Affairs (MFA) of Azerbaijan. At […]
NEWS

The bodies that will conduct state monitoring of water bodies have been determined

— ECONOMY
The bodies that will conduct state monitoring of water bodies have been determined. elchi reports that the Cabinet of Ministers has amended the “Regulations on the conduct of state monitoring of the environment and natural resources” in this regard. According to the decision, state monitoring of water bodies will be carried out by the State […]
NEWS

The price of Azerbaijani oil approaches 99 dollars

— ECONOMY
The price of “Azeri Light” (CIF) brand Azerbaijani oil has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil has increased by 4.82 dollars, or 5.13%, reaching 98.73 US dollars. It should be noted that the previous price of Azerbaijani oil was 93.91 US dollars. We remind you that […]
NEWS

Gold and silver prices have increased in commodity markets

— ECONOMY
The value of futures for one troy ounce (31.1 grams) of gold has increased in commodity markets. elchi reports, citing exchange data, that the value of June 2026 gold futures per troy ounce on the New York COMEX commodity exchange increased by 1.33% to 4,130.5 US dollars. The price of July 2026 silver futures per […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on July 22, the exchange rate of the US dollar remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0360 manats. In turn, 100 Russian rubles decreased to 2.1670 manats, and the euro also decreased to 1.9394 manats. Code […]