Azerbaijan keeps dollar rate at 1.7 manat

Azerbaijan’s central bank kept the official exchange rate of the U.S. dollar unchanged at 1.7000 manat on June 29, according to data published by the regulator.

The euro was set at 1.9324 manat, while the Russian rouble stood at 0.4857 manat and the British pound at 1.1946 manat.

The Azerbaijani manat has remained stable against the U.S. dollar under the country’s managed exchange rate regime, which has been in place since 2017.

The official exchange rates published by the central bank are used by commercial banks, government institutions and financial market participants.

N.Tebrizli