Bank Of Baku

IMF recommends CBA to switch to floating currency policy

IMF recommends CBA to switch to floating currency policy
# 02 May 2012 09:26 (UTC +04:00)
Ilahi noted that IMF recommended CBA to reject direct dependence of the manat on dollar in currency policy and switch to floating currency policy. He cited Russian practice as a positive example in this issue.

Note that, CBA’s Money policy Review on 2011 notes that within 2011 the Bank pursued its currency policy within the framework of new operation mechanism and within broadening of suggestion sources in currency market.
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THE OPERATION IS BEING PERFORMED