Stabilizing manat’s rate does not depend only on gov’t, says president

Stabilizing manat’s rate does not depend only on gov’t, says president
# 18 January 2016 13:30 (UTC +04:00)

He made the remarks at the meeting on addressing economic and social issues.

According to the president, the process of dollarization taking place in Azerbaijan has no economic value.

“Proposals for regulation of the banking sector are being considered. It’s important to take measures for the improvement of troubled banks, issuance of government bonds and deposit insurance. Such measures will increase the confidence in the national currency,” said Aliyev.

Given the low level of external debt of the country and the current situation, enough financial resources can be involved from foreign financial market, the head of state underlined.

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