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14:52 25 April
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CB Chairman: Positive indicators in BoP are forecasted to continue


Positive indicators in foreign sector will continue this year as did in 2017, Chairman of Central Bank of Azerbaijan Elman Rustamov said at the press conference.

 

According to him, foreign trade turnover increased by 31%, non-oil sector – by 37%.

 

‘All these show that the economy is diversified successfully. Inflation made up 4% in three months, currency reserves exceed $44 billion. Positive indicators in balance of payment are forecasted to continue. Single-digit inflation indicates that exchange rate of national currency on non-oil sector declined. Compared to our trade partners, decline of 33-35% in national currency is kept. This reflects that we are higher than our trade partners’, he said.

 

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