Breaking news from Azerbaijan, The Central Bank of Azerbaijan devalued the nation's money by 33.5% against the U.S. dollar on Saturday, the central bank said in an official announcement. The authority conversion standard was already 0.7862 manat against the dollar and is presently 1.05 manat.
As indicated by the central bank, the move was gone for making extra motivators to broaden the economy, support the country's universal intensity and fare potential, guarantee key solidness of the parity of installments and worldwide dissolvability of the nation.
Just like oil and energy-rich Russia and other Commonwealth of Independent States, Azerbaijan has experienced the sharp decrease of worldwide oil costs, the fundamental item for fare of the Caspian nation.
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