The same material is also used for printing the euro, which makes the Azerbaijani manat
similar to the European currency not only in design.
The proposal is to cover the difference arising in the result of banks' recalculation of payments on foreign currency loans in accordance with the new rate of Azerbaijani manat
at the expense of funds of the Central Bank of Azerbaijan, Nuriyev said.
Some analytical reviews show that less developed CIS countries have more stable exchange rates of their national currencies.According to the Russian central bank, Azerbaijani manat
is the most stable currency among in the CIS region.
Below are the rates of Azerbaijani manat
against world currencies, according to the data from the Central Bank of Azerbaijan for Aug.
Iran has so far invested 24 million Azerbaijani manat
(1 manat: 0.59 US dollars) in the car factory.
The Black Sea Trade and Development Bank (BSB) issuedthe firsttranche of Azerbaijani manat bonds on August 1, which was directed to the development of entrepreneurship in the country.
"If it is possible, we will continue to issue bonds in Azerbaijani manats."
BSB is the first international financial institution to issue bonds in Azerbaijani manats. Lending in national currencies appeared after the crisis of 2007-2008, when the monetary units of emerging markets fell sharply.
Official exchange rate of the Azerbaijani manat
against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week,Trendreports.