Depreciation of tenge will not affect Azerbaijani economy

Depreciation of tenge will not affect Azerbaijani economy

The fall in tenge will not affect Azerbaijan, Doctor of Economics, ex-head of the department of pricing, economic and fiscal policy of the Azerbaijani Cabinet of Ministers Oktay Akhverdiyev said.

He explained that the country's Central Bank controls the exchange rate of the manat, and conducts its own monetary policy.

Oktay Akhverdiyev stressed that the tenge has no chance of affecting the exchange rate of the manat, because such an influence is possible only if there is extensive trade relations between the two countries.

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