| Azerbaijan is planning to abandon its currency peg to the dollar as the oil price tumble strains its energy-dependent economy, the central bank governor has told the Financial Times.
“It is critical to make some kind of corrections to fiscal and monetary policy,” Elman Rustamov, who has led Azerbaijan’s central bank for two decades, said in an interview in Baku. “We consider that we should transit to a more flexible exchange rate regime and gradually we will transit to an inflation-targeting regime.”..............................................Full Article: Source
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