Manat consolidates?

Manat consolidates? “The European Central Bank has made a decision.” The European Central Bank has made a decision. Deposit rate on deposits was reduced from -0.2% to -0.3%. Oxu.Az reports that the statement came from the economic expert Vugar Bayramov. “Contrary to the expectations of foreign investors, the main bank of the European continent has announced its not very aggressive policy. The unexpected decision of the above-mentioned... 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