Effective nominal rate of the Azerbaijani manat increases

As of June 1 this year, the effective nominal rate of the Azerbaijani manat against foreign currency was 96.1 points.

Report informs, citing the Central Bank of Azerbaijan, that this is 0.6 points more in monthly comparison, 0.9 points more than at the beginning of the year, and 4.5 points more than in the same period of 2022.

The real effective exchange rate of Azerbaijan's national currency at the end of May was 122 points. This is up 0.2 points on a monthly basis, down 0.3 points from the beginning of the year, and up 6.2 points on a yearly basis.