Azerbaijan introduces freely floating rate for its manat
The Central Bank of Azerbaijan (CBA) moved to a floating exchange rate of manat from 21 December.
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devalution
EBRD: Devolution offers economic growth opportunity for Azerbaijan
EBRD Baku Office Head, Neil McKain shared some of his insights with AzerNews on the sideline of EBRDAM 2015.
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CBA rules out serious devaluation of manat
The Central Bank of Azerbaijan does not expect a major devaluation of the national currency in case of stabilizing oil prices, said Alim Guliyev, the CBA deputy chairman.
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Vulnerability in currency market prevents banks to issue manat loans
Azerbaijan’s commercial banks faced a number of challenges since the central bank has decided to abandon the national currency peg to the US dollar in mid February.
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