TODAY.AZ / Business

Azerbaijan's National Bank refuse to elaborate on dollar/euro correlation in bi-currency basket

08 April 2008 [17:40] - TODAY.AZ
"The bi-currency basket is an internal tool of the National Bank of Azerbaijan and the dollar/euro correlation can not be made public", said Rufat Aslanly, deputy chairman of the National Bank of Azerbaijan.
He said the system was created to attain neutral nominal effective currency course which reduces inflation growth rates.

It should be noted that on March 11, the National Bank of Azerbaijan decided to implement concept of preservation of the cost of national manat on the stable level as to the currency basket. In the result, the National Bank of Azerbaijan intends to establish the optimal structure of the basket considering the role of leading world currencies in the external economic relations of the country.

/Day.Az/

URL: http://www.today.az/news/business/44145.html

Print version

Views: 1413

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: