Bank Of Baku

Azerbaijani MP reports about Armenian falling currency

Azerbaijani MP reports about Armenian falling currency
# 04 March 2009 11:01 (UTC +04:00)
Baku. Elbrus Sefullayev-APA. Currencies of several countries fell, because their economies are formed by capitals of foreign countries. The process is observed in Armenia at present. There is not any economic reason for decrease of the cost of manat in Azerbaijan,” Nazim Mammadov, a member of the Parliament’s Standing Commission on Economic Policy told APA.
The MP said that the reports that manat will decrease in Azerbaijan are not true and it aims to distract people’s attention.
To him, people believing in the reports convert manat to dollar in the banks.
“In such case, the cost of manat decreases artificially. People shouldn’t believe in rumours,” he said.


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