Eldar Ismailov, the head of the Azerbaijan Banks Association, said today that certain fluctuations in the currency rate of manats were logical in the context of developments in the global economy. He noted that Turkey and Russia had an effect on the currency of Azerbaijan, Trend reports.Ismailov said that the strategic currency reserves of Azerbaijan totaled $50 billion, so there was no reason to panic.He added that there will be fluctuations but the government will prevent speculations.
Eldar Ismailov, the head of the Azerbaijan Banks Association, said today that certain fluctuations in the currency rate of manats were logical in the context of developments in the global economy. He noted that Turkey and Russia had an effect on the currency of Azerbaijan, Trend reports.
Ismailov said that the strategic currency reserves of Azerbaijan totaled $50 billion, so there was no reason to panic.
He added that there will be fluctuations but the government will prevent speculations.
