Baku. Musa Ahmadov – APA-Economics. The Management Board of the Central Bank of Azerbaijan has passed a decision on switching to targeting of currency basket value from targeting of bilateral exchange rate.
CBA told APA-Economics that the exchange rate policy was considered as expedient to be conducted on the basis of two-currency basket which includes dollar and euro.
“in this case, CB’s participation in the currency market within the defined corridor will continue. New operation frame will provide quickness of exchange rate policy and macroeconomic effectiveness along with creating condition for adaptation of economic subject”, bank said.
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