Inflation not affected by decrease in exchange rate of Azerbaijani

13 March 2025

Inflation not affected by decrease in exchange rate of Azerbaijani manat

19:30 14 May 2015 Read: 1251

Inflation not affected by decrease in exchange rate of Azerbaijani manat

Despite the decrease in the exchange rate of Azerbaijani manat, the inflation in the country remained at the acceptable level, an official from Azerbaijani Central Bank said.

Head of the Monetary Policy Department of Azerbaijani Central Bank Azer Alasgarov made the remarks during the conference "G20: Priorities of Turkey’s chairmanship and the new opportunities for economic cooperation of Azerbaijan" May 14.

With the decision of the Central Bank of Azerbaijan on Feb.21, 2015 the official exchange rate of the US dollar was set at 1.05 manats which means devaluation of manat by almost 34 percent.

Alasgarov said that the exchange rate policy of the Central Bank allowed to neutra

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