12:07 - 3.03.2026

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March 3, Fineko/abc.az. Azerbaijan will continue to maintain the peg of the manat to the US dollar at the level of 1.7 manats per US dollar, ensuring this with regular currency interventions, ABC.AZ reports, referring to S&P Global Ratings.

However, during a period of prolonged decline in oil prices, the authorities may consider the possibility of a controlled correction of the exchange rate.

The fixed exchange rate restrains inflation, but limits the independence of the monetary policy of the Central Bank (CBA).

"In the event of a significant drop in hydrocarbon prices, the forecast for economic risk may be changed to stable, which will negatively affect the economy, including slowing real growth and weakening the solvency of businesses and the population. In addition, sharp acceleration in lending rates and rising real estate prices can lead to high risks as a result of economic imbalances," S&P analysts emphasized.