Nominal effective rate of Azerbaijani manat increases

As of March 1, the nominal effective exchange rate of the Azerbaijani manat was 86.4 points against foreign currencies.

Report informs, citing the Central Bank of Azerbaijan, that this is 0.4 points more than a month earlier, 1 point more than at the beginning of the year and 11.7 points more than the same period last year.

At the end of February this year, the real effective exchange rate of the manat was 113.2 points. This is 0.1 points less than a month ago, 0.4 points less than at the beginning of the year, and 12.6 points more than a year ago.