Full shift to floating rate aims to achieve macroeconomic stability – central bank

Full shift to floating rate aims to achieve macroeconomic stability – central bank
# 12 December 2016 07:38 (UTC +04:00)

"Full shift to floating rate aims to achieve macroeconomic stability”, chairman of the Central Bank of Azerbaijan Elman Rustamov said.

 

“We have been working in the floating rate regime since the beginning of 2016. The fact proving it is that Central Bank has not been selling its currency in the market since February”, he added.  

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THE OPERATION IS BEING PERFORMED