Azerbaijan to cancel 4%-margin - EXCLUSIVE

 Azerbaijan to cancel 4%-margin - <span style="color: red;">EXCLUSIVE
# 11 January 2017 14:38 (UTC +04:00)

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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THE OPERATION IS BEING PERFORMED