Since today, the Central Bank has passed a decision on switching to the floating rate of manat.
After the decision, 1 USD stood at AZN 1.55.
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Central Bank of Azerbaijan earns AZN 3.1 bln from devaluation
21 December 2015
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48%-devaluation or increase of USD against manat from AZN 1.0494 to AZN 1.55 led to sharp increase
As of December 1, 2015, CB’s currency reserves made $6,245,600,000. In other word, according to today’s exchange rate of USD, the currency reserves are equal to AZN 9,680,668,000.
Since today, the Central Bank has passed a decision on switching to the floating rate of manat.
After the decision, 1 USD stood at AZN 1.55.
Since today, the Central Bank has passed a decision on switching to the floating rate of manat.
After the decision, 1 USD stood at AZN 1.55.
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