The head of the Central Bank (CBA) Elman Rustamov reiterated that new devaluation in Azerbaijan will not happen.
"The manat has become stronger to foreign currencies in recent days. Furthermore, the budget includes a real oil price ($ 25). The price of oil is low, but stable. After the transition to a floating AZN exchange rate, there is no problem. Therefore, for any third devaluation there is no reason," Rustamov said in an interview with reporters.
Recall that on the eve of the two previous devaluations Rustamov also refuted the upcoming depreciation of the national currency, assuring that the situation is under control. However, in 2015 the manat fell twofold to the US dollar. -02D-
Economics
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