Azerbaijan to cancel 4%-margin - EXCLUSIVE

 Azerbaijan to cancel 4%-margin - EXCLUSIVE
  • Clock-gray 14:38
  • calendar-gray 11 January 2017

CBA management said it is ready to ensure full shift to the floating manat rate: “After small details are solved, we’ll ensure full shift to the floating manat rate”.

 

Bankers told APA-Economics that after ensuring full shift to floating manat rate, the currency auction will change its format. It’s also noted that 4%-margin will be cancelled. Consequently, the banks will themselves set the exchange rate.  

 

Date of ensuring full shift to floating manat rate is still unknown. 

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