Sarah Michael: Manat is quite stable, we don't think there will be pressure on it

14:42 - 9.03.2022


March 9, Fineko/abc.az. All over the world today we are witnessing an increase in food prices and an increase in inflation.

World Bank's Manager for Azerbaijan, Sarah Michael, said in an interview for ABC.AZ.

She emphasized that our economists working all over the world are trying to analyze these trends.

WB’s representative also touched upon the exchange rate of the manat: "The manat is quite stable, given the high prices for oil and gas, we do not assume any pressure on its exchange. Of course, we work closely with the Central Bank, and if support is needed in any area, we are ready to make recommendations."