BAKU, Azerbaijan, June 20 — The Central Bank of Azerbaijan (CBA) has published the official currency exchange rates for June 20, according to a report by Trend.
The US dollar remains stable at 1.7 manat, showing no change from the previous rate. The euro is valued at 1.9597 manat, maintaining a consistent rate as well. The Turkish lira is set at 0.0429 manat, reflecting its current position in the foreign exchange market. Meanwhile, 100 Russian rubles are equal to 2.1795 manat.
These rates are used as the official reference for currency conversions within Azerbaijan and guide financial institutions, businesses, and individuals in their transactions. The stability of the US dollar and euro rates indicates steady economic conditions and confidence in the manat at this time.
In addition to these major currencies, the CBA has also set official rates for a wide range of other international currencies, helping to facilitate trade and investment between Azerbaijan and its global partners.
The Central Bank regularly updates these rates to reflect changes in the global currency markets, ensuring transparency and fairness in currency exchange operations throughout the country.
