Elman Rustamov: Macroeconomic framework is formed by Central Bank


July 30, Fineko/abc.az. Today, Central Bank’s chairman Elman Rustamov noted that 1 dollar may remain at the level of 1.70 manats until 2026.

ABC.AZ reports that Rustamov said this at today’s press conference dedicated to the announcement of the parameters of the interest rate corridor.

He noted that a new macroeconomic framework is being formed and will cover 2021-25.

Rustamov noted that in accordance with this framework, it is planned to maintain the dollar exchange rate at the level of 1.70 manats for this period.

“The Ministry of Finance, the Central Bank and the State Oil Fund are jointly forming a new macroeconomic framework for the business community and the population within the framework of the medium-term strategy of 2021-25," he emphasized.