Bank Of Baku

Azerbaijan’s manat starts to go down compared to dollar

Azerbaijan’s manat starts to go down compared to dollar
# 16 February 2015 13:55 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Azerbaijan’s national currency manat has started to go down compared to USD after two years.

 

According to official exchange rate by the Central Bank of Azerbaijan, AZN 1 made $0.7848. Such indicator was recorded on March 29, 2013.  

 

As of January 1, 2015, the exchange rate of 1 USD made AZN 0.7844.

 

Thus, the manat fell 0.05% after CB’s decision on switching to targeting of currency basket value from targeting of bilateral exchange rate.

 

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