24.02.2015 14:32
YEREVAN, February 24. /ARKA/. One more CIS country, Azerbaijan, has devalued its currency.
The official manat versus dollar rate set by the country’s central bank was 1.05 manats per $1 on February 21 as compared to 0.7862 manats per $1 on February 20. This means 35% devaluation was recorded, setifinance.ru reported.
The decision was made to promote economic diversification, increase competitiveness and export potential and ensure viable balance of payments, said the central bank.
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