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Confidence in manat should be restored – Fitch


Confidence in Azerbaijani manat should be restored, Paul Gamble, Senior Director of Sovereign department at Fitch Ratings said at the 6th Annual Fitch Ratings Conference in Azerbaijan.

 

According to him, despite the oil price gradually increased in 2016, the manat rate weakened: “Our incertainty about manat continues. This decreases the confidence in manat. Therefore, the main issue for now is to restore the confidence in manat”.  

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