New Decline in Azerbaijan Central Bank’s Currency Reserves

New Decline in Azerbaijan Central Bank’s Currency Reserves The Central Bank of Azerbaijan (CBA) has reported that its currency reserves has continued falling in September 2015. The CBA reports that as of October 2015 its currency reserves totaled $7.044 billion US versus $7.315 billion US by September 2015. Reminded here that the currency reserves were $8.501 billion US by August, $8.52 billion US by July, $8.43 billion US by June, $8.397 billion... Read More

Does decline of oil price cause Azerbaijani national currency depreciation?

Does decline of oil price cause Azerbaijani national currency depreciation? Azerbaijani national currency, manat, will keep a stable rate against US dollar in the short term, the chairman of the Center for Economic and Social Development (CESD), well-know economist Vugar Bayramov said. In the medium and long term, then, according to Bayramov, here is difficult to predict manat’s rate since It will depend on the world oil market. “Despite the... Read More