Nominal effective rate of Azerbaijani manat up in Jan.-May

Business Materials 1 July 2009 16:05 (UTC +04:00)

Azerbaijan, Baku, July 1 / Trend , N.Ismayilova/

Nominal Effective Rate (NER) of the Azerbaijani manat in general turnover increased by 2.9 percent, in export - 1.8 percent and import - 4.1 percent in January-May 2009, the Central Bank of Azerbaijan said on July 1.

Under calculations of the CBA, the NER on non-oil sector increased by 5.8 percent in general turnover, 7.8 percent - in export and 5.4 percent in import in January-May compared to 2008.

On July 1, the official exchange rate is 0.8042 manat to $1.

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