Bank Of Baku

Brexit won’t affect manat rate – central bank

Brexit won’t affect manat rate – central bank
# 24 June 2016 16:44 (UTC +04:00)

CBA told APA-Economics that its currency reserves are in USD, EUR and GBP in accordance with the diversification strategy: “Therefore, as major part (85%) of reserves is in USD, no difference emerged as a result of decline of other currencies’ exchange rate against USD. The official exchange rate of USD is depends on demand and supply in the currency market, but nor Brexit process. Main factors affecting demand and supply in the foreign currency market are situation of balance of payment, volume of oil transfers for budget needs, measures taken for dedollarization”.

 

 

 

 

 

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