What is happening with Azerbaijani currency?The article "Manat and dollar: what's really going on, and why" published today by Day.az reports that the depreciation of the Azerbaijani currency, manat has to been seen in the context of world economy and particularly lower prices on oil.A stronger dollar will bring in more manats into the country to meet its budgetary obligations. According to the article, even the 33% devaluation of the manat is not a reason to panic.
The article "Manat and dollar: what's really going on, and why" published today by Day.az reports that the depreciation of the Azerbaijani currency, manat has to been seen in the context of world economy and particularly lower prices on oil.
A stronger dollar will bring in more manats into the country to meet its budgetary obligations.
According to the article, even the 33% devaluation of the manat is not a reason to panic.
