Baku - APA-Economics. The letter allegedly disseminated by the deputy chairman of the Board of Directors of Central Bank of Azerbaijan on social networks is fake, said the message from the bank.
The Central Bank of Azerbaijan (CBA) doesn’t plan to abandon the floating exchange rate, said the message.
CBA denied the information about plans to abandon the floating exchange rate from March 18.
“No letter with such content was sent by the Central Bank to commercial banks,” said the message. “The exchange rate of manat is set based on the demand and supply on the currency market in accordance with the floating exchange rate.”
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