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Central Bank: Azerbaijanâ€™s strategic currency stocks reach level that can neutralize the potential macroeconomic risks completely

Central Bank: Azerbaijanâ€™s strategic currency stocks reach level that can neutralize the potential macroeconomic risks completely

27 February 2012 09:41 (UTC +04:00)

Review says that, countryâ€™s foreign economic position was useful on the background of high price of oil in world markets. Strategic currency stocks have reach level that can neutralize the potential macroeconomic risks completely. Economic growth continued and was welded from non-oil sector.

In 2011, CBA conducted adequate policy by controlling the factors influencing macroeconomic and financial stability. CBA directed its policy to keeping of inflation in single-digit level, stability of exchange rate of manat, strengthening of bank-financial stability and development.

According to Review, CBA conducted anti-inflation policy: â€œConsequently inflation remained at single-digit level. Exchange rate of manat was stableâ€.

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