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Real effective exchange rate of manat decreased last year

03.07.2020,11:50


July 3, Fineko/abc.az. The cost of the current account balance in Azerbaijan for 2019, calculated using the EBA-lite methodology, is by 1.6% higher than its actual cost.

ABC.AZ reports that the statement was made by Vusal Gasimli, the executive director of the Center for Analysis of Economic Reforms & Communications.

He noted that this indicates that the real effective exchange rate of the national currency was highly valued: "Last year, the real effective exchange rate of the manat (REER Gap) was 13.3%. The probability of a deficit on the current account in the first 6 months of this year and the increase in the nominal exchange rate of the manat in comparison with the trading partner countries create a basis for further increase in the real effective exchange rate of the national currency.”