Will Azerbaijani National Currency be re-depreciated in 2015?

Will Azerbaijani National Currency be re-depreciated in 2015? The future of the Azerbaijani national currency is the hot topic in the existing agenda. Although Central Bank of Azerbaijan (CBA) announced on April 02, 2015 that no sudden changes in the currency policy are expected since the oil prices will be likely remain at the level of $50-55 per barrel until the end of the year: “It’s unlikely that the manat, Azerbaijan’s national currency,... Read More

Devaluation of Azerbaijani National Currency; Causes and Consequences

Devaluation of Azerbaijani National Currency; Causes and Consequences Starting from February 21st, 2015, the official exchange rate of the dollar to the manat, Azerbaijani national currency, has been set at 1.05 manat, which is 33.86 percent more than the exchange rate set before the beginning of the weakening process of the rate. Azerbaijani national currency has been depreciated against US dollar the first time since 2006. Central Bank of Azerbaijan... Read More