BAKU, Azerbaijan, November 10. The Dutch ING (Internationale Nederlanden Groep) predicted that the average weighted rate of the Azerbaijani manat against the US dollar will be 1.7 AZN/1 USD until 2026, Trend reports.
According to analysts, this is attributable to a considerable fall in manat pressure.
In addition, in order to contain inflation, the Central Bank of Azerbaijan fixed the national currency's exchange rate against the US dollar at 1.7 manat in 2017.
The international rating agency S&P Global Ratings and the Asian Development Bank also expect the national currency to remain pegged to the dollar until 2026.