$ 1,5 billion Sterilization in Azerbaijan

$ 1,5 billion Sterilization in Azerbaijan “The Central Bank of Azerbaijan (CBA) has been keeping regulatory monetary policy to intervene in the market in order to keep the exchange rate of manat, national currency, for more than the decade.  CBA held currency sterilization in the amount of USD 1,584 billion in 2012 and manat against USD consolidated by 0.19%. The stability of the manat monthly cost of 135 million dollars. In this regard, the crucial... Read More

How Azerbaijan’s Central Bank predicts exchange rate of manat against euro?

How Azerbaijan’s Central Bank predicts exchange rate of manat against euro? The current situation in the international currency market has led to a gradual appreciation of the euro against the Azerbaijani currency, and this week was marked by its maximum rate since the beginning of 2012 – 1.0372 manat to one euro. However, by the end of the week rate of euro against the manat began to fall again, reaching 1.0325 manat to euro on Friday.... Read More