Baku - APA-Economics. Azerbaijani and Kazakh governments focused on creation of necessary condition and instruments to manage floating exchange rate, Fitch reported.
“The first stage aims to restore confidence in national currency. But this process is going on faster in Kazakhstan. Both countries are expected to face economic lagging and two-digit inflation. This will increase pressures on the banking system”, the agency said.
Moreover, it’s noted that both countries are adapting to cheap oil period.