According to the statement, the decision was taken in order to create additional incentives for diversification of the national economy, strengthen its international competitiveness and export potential, ensure strategic stability of the balance of payments and international solvency of the country
It is noted that the correction of the manat exchange rate is also aimed to neutralize the effect of a significant depreciation of the exchange rate, which the national currencies of most countries have suffered.
The Central Bank of Azerbaijan will continue to participate in the foreign exchange market within the framework of a specific corridor.
Dollar exchange rate in Azerbaijan exceeds 1 manat
21 February 2015
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Starting from February 21, 2015, the official rate of the dollar to the manat will be $1 / 1.05 manat, the Central Bank of Azerbaijan said in a statement.
