Baku. Vahab Rzayev - APA-Economics. In Q1, 2013, exchange policy of Azerbaijan was directed to ensuring balance between demand and supply in currency market and stability of manat against USD, it was stated in the CBA’s Monetary Policy Review on Q1, APA-Economics reports.
According to the review, CBA realized exchange policy through the corridor within the framework of dollars/pounds bilateral exchange rate targeting.
Demand exceeded supply at the currency market. During the reporting period, CB’s currency sterilization made $ 1,209.3 mln.
During this period, exchange rate of manat against dollar has not changed and strengthened only 0.06%. According to CBA, stability of exchange rate of national currency has positively impacted on macro-economic atmosphere and stability of financial sector in the country’.
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