Switching to floating rate of Azerbaijani manat

  21 December 2015    Read: 1597
Switching to floating rate of Azerbaijani manat
The Central Bank of Azerbaijan has switched to the floating rate of manat from Dec.21, 2015.

Azerbaijan’s switching to the floating rate of manat is a coercive measure that is explained with the ongoing processes on the world currency market, Ogtay Haqverdiyev, doctor of economic science, former head of the pricing, economic and fiscal policy department of Azerbaijani Cabinet of Ministers told Trend.

“What we see now, is the real price of manat,” said the expert.

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