Effective rates of Azerbaijani manats up in July

As of August 1, the nominal effective exchange rate of the Azerbaijani manat was 94.4 points against foreign currencies.

Report informs, citing the Central Bank of Azerbaijan, that this is 2.5 points more than a month earlier, 9 points than early 2022, and 16.7 points than the same period last year.

At the end of July this year, the real effective exchange rate of the manat was 117.2 points, 2.9 points higher than a month ago, 3.6 points more than early 2022, and 14.5 points more than a year ago.