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Azerbaijan’s Manat Plunges to New Low

Discussion in 'Market News' started by Daily.Forex, Dec 29, 2015.

  1. Daily.Forex

    Daily.Forex Forum Member

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    On December 21st, Azerbaijan’ central bank relinquished control of its exchange rate sending the manat down to its weakest on record. The move followed the country’s decision to abandon the currency peg as oil prices slumped to the lowest in 11 years.

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