Vusal Gasimli: “Real effective currency rate of Manat rises”
  • ECONOMY

  • 10:47 16 March 2020

Vusal Gasimli: “Real effective currency rate of Manat rises”

On the background of the stability of Azerbaijani Manat against the U.S. dollar, currency rates of our trade partners decrease, Center for Analysis of Economic Reforms and Communication told ONA.

It has been noted by Executive Director of the Center Vusal Gasimli while speaking on the stability of Manat’s currency rate despite global shocks.

According to him, in the first half of March Georgian Lari has decreased by 6.5%, Russia’s Ruble by 9.8%, Turkish Lira by 1.4%, Ukrainian Hryvnia by 5.9%, Chinese Yuan by 9.8%, and Kazakh Tenge by 6.7% against Azerbaijan’s Manat.

Thus, the real effective currency rate of Manat has increased.

ONA

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