New head of Central Bank predicts stability of manata course

Manata will continue to remain stable, the new chairman of the Central Bank of Azerbaijan Taleh Kyazimov said at the online press conference.

“taking into account the geopolitical and geo-economic conditions, the surplus of the account of current payment balance operations at present, the fiscal budget surplus, the inflation growth, the position of the Central Bank continues to be in the stable exchange rate,” Kyazimov said.

According to him, a floating course requires a more fundamental approach.