BAKU: The official exchange rates for the Azerbaijani manat against the US dollar and the euro have been set for October 14, 2024. The manat will trade at 1.7 against the US dollar and at 1.8571 against the euro, maintaining stable levels in the financial markets.

According to Trend News Agency, the rates provided by the Central Bank of Azerbaijan indicate a steady position of the manat in comparison to major world currencies. This stability reflects ongoing economic strategies and fiscal policies aimed at maintaining the currency’s value and ensuring economic stability in the region.

The exchange rate is a critical economic indicator, often used by businesses and investors to make informed financial decisions. The consistency in the manat’s value against the dollar and euro suggests a controlled economic environment, which could be favorable for attracting foreign investment and boosting local business confidence.