Azerbaijan Loses Its Manat Mojo

Within five days Azerbaijan’s Central Bank made two significant changes to its currency - the manat - on international exchange markets. (Photo: Dean C.K. Cox)

For thousands of Azerbaijanis like 58-year-old high-school teacher Nargiz, the Azerbaijani national currency’s precipitous plunge on February 21 wiped out more than their savings.

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Nargiz Rashid is the pseudonym of a freelancer reporter focusing on Azerbaijan.

Azerbaijan Loses Its Manat Mojo

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