TuranBank: Worst scenario on manat rate left behind - EXCLUSIVE

TuranBank: Worst scenario on manat rate left behind - <span style="color: red;">EXCLUSIVE
# 31 May 2016 12:54 (UTC +04:00)

According to him, the factor with more impact on manat rate is balance of payment: “Azerbaijan’s import has already adapted to existing manat situation. Further situation of Azerbaijan is directed to increase of export. Real sector has also adapted to this. I think, the biggest volatility has been left behind. I see manat rate in a certain corridor. We have already lived USD’s price at 1.60 and the worst scenario was left behind. In the course of events, the market will regulate manat rate on the basis of demand and supply. Banks and population must adapt to this”.

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THE OPERATION IS BEING PERFORMED