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Azerbaijanâ€™s YTM goes down

Azerbaijanâ€™s YTM goes down

07 July 2011 10:59 (UTC +04:00)

To him, the current situation in global financial markets is complex and sovereign debt problem exacerbated in some European countries: â€œIn general, currently the world’s financial system is at risk of sovereign defaults and it is not about one country but of many. Which in turn adversely affect the financial marketsâ€, noted the Minister. For this reason, countries issuing major reserve currency economic and financial policies, in particular, consist of ensuring economic growth and with it, maintain interest rates at low levels.

According to words of Sharifov, the YTM on currency stocks of SOFAZ and CBA directed to the same reserve currencies related to this decline.

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