BAKU, Azerbaijan, April 17. S&P Global Ratings analysts forecast that Azerbaijan will keep the manat's de facto peg to the US dollar at the level of 1.7 manat to one US dollar this year, Trend reports.
Analysts explain that this will be conditioned by a significant reduction in pressure on the manat.
To note, the Central Bank of Azerbaijan fixed the exchange rate of the national currency to the US dollar at 1.7 manat in 2017 to control inflation.
Meanwhile, ING and Asian Development Bank analysts expect the national currency to remain pegged to the US dollar until 2026.