Top

Azerbaijan has lowest inflation and most stable currency in region

Azerbaijan has lowest inflation and most stable currency in region
Azerbaijan has lowest inflation and most stable currency in region

According to the National Bank March review, the GEL depreciated against the USD by 0.8% on average, while in late March, USD 1 cost GEL 3.4118 and EUR 1 GEL 4.0044.

''Over the month, a maximum deviation from the average rate was 2.3% and 0.5% was a minimum,'' according to the review. 

On the international currency market, the USD has reportedly strengthened against the EUR by 1.5% on average, 0.8% against the Armenian Dram, 2.8% against the Turkish Lira, has almost remained unchanged against Azerbaijani Manat, and has strengthened against the Russian currency by 0.1%. 

''Annual inflation in Georgia has surpassed 7.2%; in Turkey, it has stood at 16.2%, 8.5% in Belarus and Ukraine, 5.8% in Russia and Armenia, 4.1% in Azerbaijan, 2.6% in the US, and 1.3% in the Eurozone,'' the review reads.  

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

Latest news



orphus_system