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    CESD Research Brief: Should we expect a change in the rate of Azerbaijani manat in context of high demand for US dollar?

    Development, Center for Economic and Social | March 2019
    Abstract
    In January-February of 2019, activity in foreign exchange markets has further escalated. According to the information provided by the State Oil Fund of Azerbaijan (SOFAZ), during the corresponding period 951 million US dollars were sold, including 634.9 million in January and 316.2 million in February. This is 47.2% higher than the same period of the previous year [see diagram 1]. It should be noted that since the second half of 2016, SOFAZ is the only organization offering foreign currency in auctions organized by the Central Bank. From the approved forecast budget of the Fund for 2019, it is clear that the entity will spend about 11.6 billion manat, which is about 6.8 billion US dollars. In other words, the Fund can sell foreign currency worth 568 million USD on average per month.
    Citation
    Development, Center for Economic and Social. 2019. CESD Research Brief: Should we expect a change in the rate of Azerbaijani manat in context of high demand for US dollar?. © Center for Economic and Social Development. http://hdl.handle.net/11540/9979.
    Keywords
    Development
    Finance
    Development Challenges
    Development Issues
    Development Problems
    Microenterprises Finance
    Commercial Finance Companies
    Enterprise Financing
    Financial Analysis
    Banking Finance And Investment
    SMEs
    Small Business Finance
    Rural planning
    Aid coordination
    Industrial projects
    Infrastructure projects
    Natural resources policy
    Educational development
    Development strategy
    Development models
    Economic development
    ADB
    Project finance
    Development plans
    Strategic planning
    Business Financing
    Investment Requirements
    Insurance Companies
    International Monetary Relations
    International Financial Market
    Exchange Rate
    Credit Policy
    Credit Cooperatives
    Financing
    Financial System
    Financial Sector Reform
    Financial Institution
    Bank Financing
    Financial Sector Development
    Infrastructure Development
    Insurers
    Insurance stocks
    Insurance holding companies
    Insurance carriers
    Insurance agencies
    Business subsidies
    Investment companies
    Foreign investment
    Equity Finance
    International banks and banking
    Stock exchanges
    Grants
    Loans
    Communication in rural development
    Communication in community development
    Economic development projects
    Development banks
    Economic forecasting
    Environmental auditing
    Cumulative effects assessment
    Human rights and globalization
    Small business
    Credit allocation
    Credit control
    Development credit corporations
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    Citable URI
    http://hdl.handle.net/11540/9979
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    CESD_Research_Brief_Currency_Market_2019.pdf (430.5Kb)
    Author
    Development, Center for Economic and Social
    Theme
    Development
    Finance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise