According to him, main principles of the floating rate are obeyed: “However, there is policy to manage exchange rate at the certain level in order manat to find its value. If we don’t manage manat today, we don’t know exactly what will happen to manat rate. Our target is to strengthen macroeconomic stability, stabilize manat rate at a desirable level, stabilize the prices, and reduce inflation. Then, we’ll have opportunities to switch to the development”.
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