Azerbaijan, Baku, Nov. 28 / Trend N. Ismayilova /
The nominal effective exchange rate of the manat was fixed towards some countries, trade partners of Azerbaijan in January-September 2009. It cheapened towards the currencies of other countries, the Azerbaijani Central Bank monetary policy review for the third quarter said.
The dynamics of the nominal bilateral rate of manat has impacted on change of the real bilateral exchange.
During the reporting period, manat cheapened towards the currencies of some countries (EU, UK, Turkey, Iran, Israel, China) both nominal and real. The manat was fixed nominally towards the currencies of U.S.A., Japan and Ukraine and cheapened really.
During the reporting period, the overall level of prices in Azerbaijan decreased by 1.7 percent. A 4.5-percent inflation was observed in partner countries.
NEC of non-oil sector has increased in the total trade turnover to 3,1 percent for the nine months of 2009. This rise in price has been fully compensated by the difference between the levels of inflation.
During the reporting period in non-oil sector, REC cheapened in total trade turnover to 3,1 percent. During the reporting period, the nominal currency made increasing impact on the Energy Commission in the non-oil sector and depressing - to change the price level.
Impact of Russian share to increase public utility commission in foreign trade during the three quarters of 2009 was 0.1 percent, and Kazakhstan - 17.5 percent.
While the U.S. share has had a depressing effect on the rate worth 3.7 percent, the Eurozone - 8.9 percent, Great Britain - 11.9 percent, Ukraine - 1,2 percent, Georgia - 0,6 percent, Iran - 9.5 percent , China - 2.4 percent, Turkey - 6.9 percent, Japan - 0.5 percent, Israel - 7.6 percent.
Manat nominally cheapened towards for the Chinese, Iranian, Turkish, Israeli, British, European currencies. It was really fixed towards Russian and Kazakh currencies.
On Nov. 26, the official exchange rate is 0.8024 manat to $1.
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