Can the exchange rate of the manat change this year?

The demand for US dollars in Azerbaijan has shown a steady upward trend over the past decade, which economists explain by payments related to the end of the calendar year. Despite the fact that the Central Bank (CBA) announced the transition to a floating exchange rate in 2015, the Azerbaijani manat has maintained a stable value of 1.7 manats per dollar since March 2017, after a double devaluation in 2015. As Azerbaijan faces a decline in oil...

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