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Brexit not to affect manat rate

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Central Bank of Azerbaijan has commented how Britain’s exit from the European Union affected exchange rate of manat, APA reports.

CBA informed that its currency reserves are in USD, EUR and GBP in accordance with the diversification strategy: “Therefore, as major part (85%) of reserves is in USD, no difference emerged as a result of decline of other currencies’ exchange rate against USD. The official exchange rate of USD is depends on demand and supply in the currency market, but nor Brexit process. Main factors affecting demand and supply in the foreign currency market are situation of balance of payment, volume of oil transfers for budget needs, measures taken for dedollarization”.

Date
2016.06.25 / 11:03
Author
Axar.az
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