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Taleh Kazimov: "CBA takes steps for prevention of increase in inflation"

Taleh Kazimov, Chairman of Central Bank of Azerbaijan

25 October 2022 16:11 (UTC +04:00)

"According to macro-economic indicators of the last nine months in Azerbaijan, Gross Domestic Product has reached 98 billion demonstrating a real growth of 5.6%," said Chairman of Central Bank Taleh Kazimov at a meeting with MPs in Azerbaijani Parliament, APA reports.

Chairman of the CBA has spoken about the macro-economic indicators in our country. He said that according to the macro-economic results of the last nine months in Azerbaijan, the Gross Domestic Product (GDP) reached 98 billion and showed real growth of 5.6%. In the non-oil sector, this indicator is 10.1%. He said that the foreign trade of our country has been USD 19.2 billion. There is a 3.5% increase in foreign exchange reserves. Reserves of the Central Bank increased by 8.4% and reached USD 7.7 billion.

Taleh Kazimov, who analyzed the economic indicators in his speech, has touched on the reasons for the increase in inflation and talked about the steps taken by the Central Bank in this direction.