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Azerbaijani President Ilham Aliyev said that the sharp decline in oil prices has no natural economic grounds. "The threefold decline in oil prices has no natural economic grounds," he said at a meeting of ...
The Central Bank declined to bind the national currency, the manat, to the dollar-euro basket, instead introducing a floating exchange rate mechanism
Azerbaijan has introduced a floating exchange rate of the manat today, the Central Bank of Azerbaijan said. According to the Central Bank, the decision was made taking into account the strengthening of long-term shocks in the foreign economy in …
The Asian Development Bank (ADB) has published the forecast, according to which, the Azerbaijani authorities can wait for a second devaluation of the national currency. The ADB experts note that the factors which affect the stability of …
The Director of the analytical group on financial organizations at the international rating agency Fitch Dmitry Vasilyev has told about the situation with the bank deposits in …
Azerbaijani authorities make made every effort to to keep the stability of the manat, the President's Aide for Public and Political Affairs, Ali Hasanov, said in an interview with ANS. "I believe that there is no …
