Fitch discloses forecast for Azerbaijani manat rate for 2 years
By Trend
Fitch Ratings expects the rate of Azerbaijan's national currency against the US dollar to remain at 1.7 manats within the next two years.
“In the context of gradually recovering oil prices and tight monetary and fiscal policies, the exchange rate has been stable since April 2017 at around 1.7 manats to the US dollar,” Fitch said. “This has in turn helped ease pressure on inflation.”
In 2017, the official exchange rate of Azerbaijani manat against the US dollar, set by the Central Bank of Azerbaijan (CBA), increased by 0.0706 manats or 3.9871 percent.
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