Azerbaijan predicts preserving national currency stable rate compared to dollar for next 4 years
Azerbaijan, Baku, Nov. 12 / Trend A. Akhundov /
The Azerbaijani government predicts a stable annual rate of the national currency compared to the dollar at 0,785 AZN / USD over the next four years (2013-2016), the draft state budget for 2013 and the next three years, considered by the Azerbaijani Parliament said today.
According to the project, it is predicted to preserve the rate at that level in 2012, while in 2010 the rate was at the level of 0,8026 AZN / USD, in 2011 - 0,7897 AZN / USD.
However, the government expects gradual strengthening of the average annual exchange rate of the manat compared to the euro from 2014. So, in 2012, the rate is expected to hit 1,0195 AZN / EUR, in 2013 - 1,0221 AZN / EUR, in 2014 - 1,0211 AZN / EUR, in 2015 - 1,0188 AZN / EUR, in 2016 - 1,0162 AZN / EUR.
In 2010, the rate hit 1,0629 AZN / EUR, in 2011 - 1,0993 AZN / EUR.
The official exchange rate is 0.9992 AZN/EUR on Nov. 12.