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Head of Azerbaijan's Central Bank makes statement on manat devaluation

Head of Azerbaijan's Central Bank makes statement on manat devaluation
There are no prerequisites for the growth of the US dollar exchange rate against the Azerbaijani manat in Azerbaijan, Elman Rustamov, chairman of the Central Bank of Azerbaijan (CBA), said at a press-conference in Baku on Feb. 1, Trend reports. Rustamov stressed that to talk about the devaluation of manat today is not serious. "The macroeconomic situation is stable in Azerbaijan,” he said. "We have a surplus in the balance of payments."

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