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Azerbaijan announces AZN/USD exchange rate forecast for 2021

Finance Materials 3 September 2020 17:28 (UTC +04:00)
Azerbaijan announces AZN/USD exchange rate forecast for 2021

BAKU, Azerbaijan, Sept. 3

By Zeyni Jafarov - Trend:

The forecast of the exchange rate of the Azerbaijani manat against the US dollar for 2021 has been published, Trend reports.

This is stated in the statement of the Ministry of Finance on the preliminary indicators of the state and consolidated budgets for 2021.

The statement noted that strengthening the coordination of fiscal and monetary policies in order to maintain macroeconomic stability will help to ensure that the exchange rate of the national currency remains as stable as in the current year.

Taking into account the provision of macroeconomic stability and ongoing economic reforms, as well as the aggravation of dollarization trends, the AZN / USD rate for 2021 was set at 1.7, said the statement.

At the same time, unrealized macroeconomic risks, from the point of view of regulating the level of inflation and stability of the exchange rate, will have a positive impact on the indicators of social well-being of the population in the medium term.

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