Bank Of Baku

Azerbaijan expresses opinion about default expectations in US

Azerbaijan expresses opinion about default expectations in US
# 01 August 2011 15:52 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijani Minister of Finance Samir Sharifov has expressed opinion about default expectations in US. According to APA-Economics, S.Sharifov has assessed the arguments between US Administration and Congress as positive case for international financial system and financial market. According to him, US government has a special responsibility for normally operation of international financial-banking and payment system. Near 70% of world financial assets are remained in USD.

Sharifov noted that, the crisis in 2008-2009 obliged US to conduct soft monetary policy, give additional liquidity to the markets.

Sharifov also noted that, there was not any anxiety for funds placed in USD via State Oil Fund or Central Bank of Azerbaijan. Minster expressed assurance about achievement of agreement on limit if US government debt on August 2 or a bit later.
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