Azerbaijan increases cost of living
Azerbaijan, Baku, Dec. 14 / Trend A. Akhundov /
Azerbaijani President Ilham Aliyev has today approved a law on the cost of living for 2013 and signed an order for its application.
The cost of living in the country will be increased from a current 108 Manat to 116 Manat in 2013, for working people from 116 Manat to 125 Manat, for retirees from 84 Manat to 94 Manat and for children from 87 Manat to 93 Manat.
The law will come into effect from January 2013.
The official exchange rate is 0.7849 AZN/USD as of Dec. 14.