CESD Research Brief: Should we expect a change in the rate of Azerbaijani manat in context of high demand for US dollar?

CESD Research Brief: Should we expect a change in the rate of Azerbaijani manat in context of high demand for US dollar?

In January-February of 2019, activity in foreign exchange markets has further escalated. According to the information provided by the State Oil Fund of Azerbaijan (SOFAZ), during the corresponding period 951 million US dollars were sold, including 634.9 million in January and 316.2 million in February. This is 47.2% higher than the same period of the previous year.

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