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Friday, 17 February 2017 13:30

Size of manat’s depreciation against US dollar for the year

Size of manat’s depreciation against US dollar for the year

In 2016 the daily exchange rate of the Azerbaijan manat against the US dollar averaged 1.5965 AZN/$ 1, the maximum rate against the US dollar over the reporting period was recorded on March 11 at 1.6456 AZN/$ 1 and the minimum rate on May 25 at 1.49 AZN/$ 1, and in general during 2016 the manat dropped against the US dollar by 13.6%, Caspian Energy News (www.caspianenergy.net) reports with reference to the Central Bank’s Monetary Policy Review 2016.

More details: http://www.cbar.az/assets/4269/PSI_-_2016_-_son.pdf

Person in charge of the newsline: Jeyhun Bayramov

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