16:19 - 13.09.2024

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September 13, Fineko/abc.az. The exchange rate of the Azerbaijani manat will remain stable until 2029, ABC.AZ reports, referring to the forecast of the Economist Intelligence Unit (a research and analysis unit of The Economist Group).

The publication notes that the Central Bank of Azerbaijan (CBA) operates a fixed-exchange-rate regime, with the manat pegged to the US dollar. The outlook for the manat is stable, supported by a large current-account surplus. EIU expects the CBA's main policy priority in 2024‑28 to be maintaining the peg, which should be viable, given ample foreign-exchange reserves.