17:40 - 18.11.2024

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November 18, Fineko/abc.az. The Central Bank's mandate is primarily to ensure macroeconomic stability. If any mode is suitable for achieving this goal, we choose it. Today, together with the government, we believe that stable exchange rate regime is the most favorable for ensuring macroeconomic stability.

ABC.AZ informs that CBA chairman Taleh Kazimov said about this during the discussion of the Draft Law on State Budget 2025 at today's meeting of the Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship.

"We do not have such a goal as switching to floating exchange rate next year, as well as the year following it. This year and in the following years, the exchange rate of 1.7 manat/dollar in budget and medium-term expenditures is projected. In the medium term, we also consider the stable exchange rate regime favorable for ensuring macroeconomic stability," Kazimov said.