"The export has dropped," Vasilyev told reporters in Baku April 13. "If the import drops, the current account balance will not be formed and perhaps, the pressure on the exchange rate can be avoided."
Vasilyev said that if the oil prices remain low for a long time and the export falls, then, accordingly, the pressure will be put on the current account balance.
"In this case, it will depend on the government and how much it is ready to spend to maintain the exchange rate of manat versus the US dollar," Vasilyev said.
As a result of change of the manat rate in 2015, the dollar rate increased by more than 97 percent.
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