Azerbaijan’s Central Bank (CBA) is set to maintain the stability of the national currency, the manat, through its cautious monetary policy, substantial foreign exchange reserves, and a managed floating exchange rate regime.
This was highlighted in a report by Fitch Solutions (FS), a subsidiary of the Fitch Group, focusing on Azerbaijan.
According to the report, the manat is expected to remain at a rate of 1.7 against the US dollar in 2026, with no significant fluctuations anticipated in the near term. Fitch Solutions believes that unless there are major external shocks, there is no basis for any sharp movement in the exchange rate.
The forecast also notes that while inflationary pressures remain relatively high, they are generally on a downward trend. This gives the CBA room for cautious easing, which in turn will help support the stability of the exchange rate.
APA
