Azerbaijan’s central bank governor stated that the country does not have medium- or longer-term plans to switch to a floating FX regime. According to the comment, he also stated that the bank has a mandate to maintain macroeconomic stability and views stable AZN as “the key” to achieving this target. He also pointed out that the country’s total FX reserves (including SOFAZ) rose to over USD 78.3 bln at the end of October.