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Nominal efficient rate of manat increases in oil sector

Business Materials 31 July 2009 11:41 (UTC +04:00)

Azerbaijan, Baku, July 31 /. Trend N.Ismaylova /

The Nominal Effective Rate (NER) of manat increased by 0.5 percent in total trade turnover, 1.7 percent in import and decreased by 0.5 percent in export, The Azerbaijani Central Bank said on July 31.

The NER decreased by 2.3, 2.3 and 2.2 as to May.

The NER increased by 3.7 percent in total trade turnover of oil sector, 5.5 percent in export and 3.3 percent in import as to the end of 2008, the bank said. The NER decreased by 2, 2.1 and 2 percent as to June.

On July 31, the official rate is 0, 8043 manat to $1.

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