ECONOMY

The price of Azerbaijani “Azeri Light” (CIF) crude oil has increased in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 10.89 US dollars or 8.3%, reaching 141.68 US dollars. It should be noted that the previous price of Azerbaijani oil was 130.79 US dollars. It is worth recalling […]

The value of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the value of June 2026 gold futures per troy ounce decreased by 2.77% to 4,679.7 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to “Elchi”, on April 3, the US dollar exchange rate remained unchanged at 1.7000 manats. The Turkish Lira depreciated to 0.0381 manats, and the Euro’s price fell to 1.9608 manats. Meanwhile, 100 Russian Rubles appreciated to 2.1123 manats. Currency Code Rate 1 US […]

12 million 562 thousand 673 manats have been allocated for the construction of water supply, wastewater network, and facilities in Zar and Zallar villages of Kalbajar. “Elchi” reports that the Directorate of Objects Under Construction has announced two open tenders regarding this. The estimated cost of the tender for Zar village is 7 million 181 […]

Azerbaijan’s National Standard Time – UTC (AZ) is displayed in the ‘Clock Tower’ located in the Seaside National Park area. This was reported to “Elchi” by the State Agency for Antimonopoly and Consumer Market Control. In this regard, an informational stand has also been installed near the aforementioned tower to educate visitors. It should be […]

World central banks bought 19 tons of gold in February 2026. “Elchi” reports that the World Gold Council (WGC) released information on this. The organization’s report noted that central banks continued to increase their gold reserves in February. Although this dynamic indicates a revival after the stagnation in January, the indicator still remains below the […]

The money supply in Azerbaijan amounted to 23 billion 765 million manats as of April 1 this year. “Elchi” reports this citing the Central Bank of Azerbaijan. According to the data, the money supply increased by 4.2% in the last month. Year-on-year, the money supply increased by 10.5%.

In world markets, the price of Azerbaijani “Azeri Light” (CIF) crude oil has fallen. “Elchi” reports that the price of 1 barrel of Azerbaijani oil decreased by 1.56 US dollars or 1.17%, reaching 130.79 US dollars. It should be noted that the previous price of Azerbaijani oil was 132.35 US dollars. It is worth recalling […]

The value of gold futures per troy ounce (31.1 grams) has decreased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the value of June 2026 gold futures per troy ounce decreased by 2.38%, reaching 4,698.50 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

During the holidays (March 20-30), various types of insurance incidents were recorded in many regions of our republic, including Baku, both during holiday festivities and vacation travels, and as a result of above-normal rainfall recorded across the republic. “Elchi” reports that this was stated by the Azerbaijan Insurers Association. It was noted that, according to […]