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Azerbaijani manat is the most stable currency in the CIS area

19 February 2009 10:17 (UTC +04:00)

The Azerbaijani manat ranked second only to the Iranian rial in terms of stability, according the list based on the exchange rates of the Central Bank of Russia.
According to the report, the manat strengthened by 18.43% against the Russian ruble.
1 manat was trading at 42.863 rubles, 12.99 Moldovan leus, 9.55 Ukrainian hryvnias, 2.08 Georgian laris, 50.8011 Kyrgyz soms, 3389 Belarusian rubles, 4.5989 Tajik somonis and 3.5351 Turkmen manats in early January.
At the same time, he Azeri manat climbed 48.05% against the Russian ruble.

Stability ranking for major world and CIS states currieries (data from Central Bank of Russia).

Currency	Month-on-month difference
AZN – Azerbaijani manat	18,43%
GEL – Georgian lari	18,41%
UZS – Uzbek som	17,64%
KGS – Kyrgyz som	16,21%
UAH – Ukrainian hryvnia	14,85%
LVL – Latvian lats	9,82%
USD – US dollar	9,39%
CNY – Chinese yuan	9,36%
EEK – Estonuan kroon	9,06%
LTL – Lithuanian litas	9,05%
EUR – Euro	4,45%
GBP –Pound sterling	4,43%
CHF – Swiss franc	4,26%
BYR – Belarusian ruble	3,43%
KZT – Kazakh tenge	-11,08%
TMT – New Turkmen manat	-40,67%
AMD – Armenian dram	-88,02%