CBA head: Azerbaijani manat's rate adapted to oil prices

By  Trend

Rate of the Azerbaijani manat has adapted to world oil prices, which varied within the range of $45-55, said Elman Rustamov, head of the Central Bank of Azerbaijan (CBA).

Rustamov made the remarks Nov. 30 during discussions on the draft state budget and concept of social and economic development in 2017 and the following three years.

Discussions on the budget started Nov. 30 during the joint meeting of parliamentary committees on defense, security and fight against corruption, on economic policy, industry and entrepreneurship, on agrarian policy, on public unions and religious structures and on natural resources, energy and ecology.