ECONOMY


Elman Rustamov: The Central Bank has no plans on denomination of manat

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Baku, January 19, AZERTAC

“The Central Bank of Azerbaijan does not plan to denominate the manat,” chairman of the Central Bank of Azerbaijan Elman Rustamov told journalists.

He said the reports spread on the social network and alleging that new banknotes will be printed do not reflect the reality.

Rustamov noted that “there must be shortcomings in the national currency for denomination to be implemented. “This must also be accompanied by hyperinflation, but we do not observe hyperinflation in Azerbaijan.”

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