BAKU, Azerbaijan, June 8. Analysts at S&P Global Ratings forecast that Azerbaijan will keep the manat's de facto peg to the US dollar at 1.7 manat to one dollar this year, Trend reports.
Furthermore, analysts predict that this will be a result of a substantial decrease in pressure on the manat.
To recall, in 2017, the Central Bank of Azerbaijan took measures to control inflation by setting the exchange rate of the national currency to the US dollar at 1.7 manat.
In parallel to the above prediction, analysts at ING and the Asian Development Bank expect the national currency to remain pegged to the US dollar until 2026.
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