Web Desk March 30, 2021

Processes in economies and financial systems of partner countries are always in the focus of attention of the Central Bank, said Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov, APA-Economics reports.

 

According to him, macroeconomic stability in the country and balance in the currency market is maintained in the country, and a decrease of dollarization is observed.

 

“Inclination of the global oil prices to increase positively affects on stability in the currency market by improving the balance of payments and expectations. Taking into consideration the above-mentioned, depreciation of the Turkish lira is not expected to impact manat,” noted Chairman of the Bank.

 

  1. Rustamov noted that country has enough resources to maintain balance in the currency market and current macroeconomic stability.

 

Source: Azeri-Press News Agency

 

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