A decline in the Central Bank’s reserves and growth in demand for foreign currency in Azerbaijan: What’s next?

A decline in the Central Bank’s reserves and growth in demand for foreign currency in Azerbaijan: What’s next? Demand for foreign currency auctions is increasing, foreign currency reserves of the Central Bank are decreasing and the Manat money base is getting smaller. These developments occurrence raises a question in the minds of stakeholders: will the current status quo of the exchange rate remain? How will the observed depreciations of neighboring... Read More