BAKU, Azerbaijan, March 12. The nominal effective exchange rate of the Azerbaijani manat for the non-oil and gas sector has taken a bit of a hit, dropping by 1.5 percent in the first two months of 2025 after enjoying a solid 9 percent boost in 2024.
Data obtained by Trend from the Central Bank of Azerbaijan shows that the annual change in the commodity price index in February 2025 was 8.5 percent, according to the International Monetary Fund (IMF).