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CBA Chairman: Next devaluation will not occur

CBA Chairman: Next devaluation will not occur

26 February 2016 07:59 (UTC +04:00)

Rustamov noted that these reports are groundless: “As you see, Azerbaijani manat strengthens against foreign currencies. On the other side, state budget was revised. At the same time, oil price remains stable recently. Situation on county’s foreign balance is also going to be normalized. No problem is observed in the exchange rate of manat after switching to floating rate. These facts indicate that the next devaluation will not occur”.

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