Baku. Vahab Rzayev – APA-Economics. The share of credit in manat in the currency structures made 63.5%, in Azerbaijan. CBA says AZN 5.770 bln of total loan portfolio of credit organizations (AZN 9.092 bln) was in manat, the other in foreign currency. Thus, the credit in manat exceeds the currency loan by 1.7 times.
Note that, the level of dollarization at domestic credit market has decreased. This indicates that, debtors believe that the exchange rate of dollar will be remained unchanged, in the perspective.
Dollarization level abates at Azerbaijan’s credit market
13 January 2011 08:18 (UTC +04:00)
İDMAN XƏBƏR
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