New wave of depreciation of the Azerbaijani national currency; reasons and expectations

New wave of depreciation of the Azerbaijani national currency; reasons and expectations Starting the mid of October 2016, the manat, Azerbaijan currency, has been depreciating against the dollar. The official rate of the manat against the dollar was 1.5969 on October 18 and it was fallen to 1.6381 on October 31, 2016. It means the manat’s official rate depreciated against the dollar by 2.5 % last 2 weeks, however, the real market price of the manat... Read More