Bank Of Baku

CBA may look through exchange rate policy next year

CBA may look through exchange rate policy next year
# 11 October 2010 13:34 (UTC +04:00)
According to him the increasing of price started to be felt from this year: “The seasonal deflation period is already past. We’re waiting the numbers of Statistical Committee for September. In case of such danger we can look through the credit and exchange rate policy again.”

Note that, the average yearly official rate of USD is planned to be AZN 0.8040, but E. Rustamov says that the rate may be changed depending on macroeconomic situation.

At the same time he says that a high liquidity is observed at the currency market of the country.

Note that the official rate of manta against dollar has risen 0.1% since the beginning of 2010.


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