Transfer of $7.5B from SOFAZ to CBA will strengthen manat – Fitch

Transfer of $7.5B from SOFAZ to CBA will strengthen manat – Fitch
  • Clock-gray 08:05
  • calendar-gray 16 March 2017

Transfer of $7.5B from SOFAZ to CBA may contribute to stability of manat, Konstantine Kintsurashvili, Principal Economist at EBRD said at the 6th Annual Fitch Ratings Conference in Azerbaijan.

 

According to him, transfer to the Central Bank will serve strengthening of manat rate.

 

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