TREND, AZERBAIJAN — The Central Bank of Azerbaijan has established the official exchange rates for the Azerbaijani manat against the US dollar and the euro for September 23, 2024.

According to Trend News Agency, the rate for the US dollar is fixed at 1.7 manat, while the euro is set at 1.8978 manat
The Central Bank of Azerbaijan determines these rates in an effort to manage the local currency’s value against major world currencies, impacting both international trade and economic stability within the country. These rates are crucial for businesses and investors who engage in cross-border transactions and must plan their finances according to the fluctuating values of global currencies. The stability of the manat is vital for maintaining the economic balance in Azerbaijan, influencing both import costs and export revenues.