In the international rating agency “Fitch Ratings” believe that the risks of devaluation in Azerbaijan have decreased.
According to Turan, with reference to the message of the agency, Azerbaijan, after a deficiency of 0.5% in the balance sheet of current operations, will return to a surplus of 7.9%.
The Agency predicts that pure sovereign active positions will rise from 83.1% in 2020 to 84.1% of GDP in 2023.
“Improving the external balance and preservation of the national currency rate at 1USD / 1,7000AZN reduced the risks of devaluation.
At the same time, the Agency believes that average annual inflation in Azerbaijan will be 7.6% by the end of the year. Analysts agency predict also that the accounting rate of the Central Bank of Azerbaijan will continue its growth.