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Azerbaijan pulls back curtain on manat's circulation rate

Economy Materials 26 February 2025 06:10 (UTC +04:00)
Azerbaijan pulls back curtain on manat's circulation rate
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, February 26. The velocity of circulation for the Azerbaijani manat registered at 3.26 points as of February 1, 2025.

The data obtained by Trend from the Central Bank of Azerbaijan (CBA) shows that this is 0.19 points (5.5 percent) lower than on January 1 (3.45 points), but 0.06 points (1.9 percent) more than February 1, 2024 (3.2 points).

The CBA statistics reveal that the manat hit rock bottom in circulation speed at the end of January 2015, clocking in at 2.68 points, while it soared to new heights in 2005, reaching a peak of 15.72 points.

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