Azerbaijani Manat Has Dropped. What is Next?
On Saturday, February 21 manat fell to 1.05 manat per dollar and to 1.19 manat per euro. Such a sharp devaluation of the national currency caused a panic in the society that was too long told that the country's financial system is perhaps the most stable in the world. The head of the CBA made encouraging statements that "all is quiet in the Kingdom" and declared the stability of the manat.There seemed not to be objective reasons to reduce the rat...
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- Economics
- 24 February 2015 11:54
Analytics
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In a significant diplomatic move, President Kassym-Jomart Tokayev of Kazakhstan embarked on an official visit to Armenia, marking a pivotal moment in the relationship between the two nations. The meeting between President Tokayev and Armenian Prime Minister Nikol Pashinyan resulted in the signing of a joint statement aimed at fostering cooperation and easing tensions that had simmered between the two countries.
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