The floating rate of AZN had to be entered when the currency stock was still considerable, and not now. This is how the new devaluation and floating rate of the manat was commented for Turan IA by the MP and economist Vahid Ahmedov.
"If it was done this summer, at the beginning of the fall in oil prices, there would be no need to move to a floating exchange rate, and foreign currency reserves would not decrease from 15 to 5 billion," said the MP.
In his view, this step will affect all – prices will rise and inflation will increase. At the same time the MP believes that the exchange rate announced by the Central Bank is not critical, as it is necessary to wait for the reaction of other banks to the decision.
In February this year, the dollar rose from 78 kopecks per USD to 1.05 manat. -05B04-
Politics
-
On February 5, President Ilham Aliyev signed a decree to provide humanitarian aid to Ukraine. According to the document, the Ministry of Energy has been allocated 1 million US dollars to purchase and send electrical equipment, manufactured in Azerbaijan, to Ukraine.
-
The trial of Aziz Orudjev, the head of the online publication Kanal-13, continued on February 5 at the Sabail District Court.
-
On 4 February, the Baku Court of Appeal released former Russian judge Yelena Khakhaleva, who was arrested in Azerbaijan at the request of the Russian Prosecutor's Office.
-
Afgan Sadygov, the head of the Azerbaijani website Azel.TV, who has been on a dry hunger strike since February 2 in the Tbilisi detention center, lost consciousness on Tuesday evening, his wife Sevinc Sadygova told Turan.
Leave a review