April 13 The Central Bank of Azerbaijan has set the rate of the national currency to the US dollar: t US $1 - 1.0537 manat. This is lower than the rate on Saturday, which was 1,052. Thus, the "soft" devaluation of the national currency has been going for a week. This trend has caused another stir and deficit of dollars.
Exchange offices are buying dollars at 1.06 manat, and sell for 1,074 manat.
Earlier, the Central Bank explained that the rate of manat is based on the currency basket – the rates of the dollar and the euro. The growth of the dollar against the euro in recent days affects the rate of manat.
Previously the CBA announced it would no longer prop up the rate of national currency. -02В-
Economics
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