The unexpected revenge of manat in Azerbaijan: what is going on in currency markets?
Hasanov, Rashad | February 2017
Abstract
The rapid appreciation of the national currency manat over recent days has created a shock effect across the local population. Everyone, including the participants of the currency markets are trying to understand the causes driving the existing developments in the value of currencies. The current situation has even left local economists puzzled, who are struggling to put forward any explanation. As it stands, the questions such as “to what extent can manat gain value?”, “what causes the existing developments?”, “what is the degree of administrative intervention to the processes?” and etc. remain unanswered. Even the officials in government and Central Bank have not provided any explanation. Thus, in the following chapters, we will attempt to answer a number of the pressing questions briefly.
Citation
Hasanov, Rashad. 2017. The unexpected revenge of manat in Azerbaijan: what is going on in currency markets?. © Center for Economic and Social Development. http://hdl.handle.net/11540/7222.Keywords
Enterprises
Financial aid
Economies in transition
Local Finance
Local Government
Insurance Companies
Banks
Social Equity
Economic Development
Economic Infrastructure
Economic Policies
Regional Economic Development
Microfinance Programs
Public Finance
Local Financing
Financial Stability
Financial Sector Regulation
Social responsibility of business
Accounting
Personal budgets
Cost and standard of living
Bank accounts
Credit control
Regulatory reform
Banks and banking
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