Bank Of Baku

Central Bank of Azerbaijan earns AZN 3.1 bln from devaluation

Central Bank of Azerbaijan earns AZN 3.1 bln from devaluation
# 21 December 2015 08:30 (UTC +04:00)

As of December 1, 2015, CB’s currency reserves made $6,245,600,000. In other word, according to today’s exchange rate of USD, the currency reserves are equal to AZN 9,680,668,000.

 

Since today, the Central Bank has passed a decision on switching to the floating rate of manat.

 

After the decision, 1 USD stood at AZN 1.55.  

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