Earlier this week, the Central Bank of Azerbaijan devalued the country’s currency, the Manat by as much as a third, as falling oil prices ravage the country’s oil-dependent economy. How badly is Azerbaijan affected by the low price of oil, and what could the country do to lessen its dependence on hydrocarbon exports?
Anadolu News Agency from Turkey spoke about this with Sijbren de Jong. The full interview can be read here.