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Dynamics of currencies of developed countries remains stable

21.06.2019,13:14


June 21, Fineko/abc.az. Currency indices of developing countries strengthened much to the US dollar and returned to the average level of 2018, says Central Bank’s report on monetary policy for Jan-Mar.

According to the CBA report, the volatility of many currencies has decreased much versus Q4 of 2018. In 2nd half of 2018, as a result of tight monetary policy and the efforts of the governments of the countries experiencing the greatest currency pressure (Turkey and Argentina), the sharp decline in the US dollar in Q1 slowed. Unlike developing countries, the currencies of developed countries have been relatively stable.