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Friday, 17 February 2017 13:30

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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