Processes occurring in the economic and financial system of partner countries of Azerbaijan are constantly in the center of attention of the Central Bank. This is stated in an account in Twitter of the Central Bank of Azerbaijan (CBA).
According to the head of the Central Bank Elman Rustamova, macroeconomic stability is preserved in Azerbaijan, including balance in the foreign exchange market, and a decrease in dollarization is observed.
The Chairman of the Central Bank noted that the growth trend of world oil prices positively affects the stability of the foreign exchange market, improving the balance of payments and expectations. Given all the indicated factors, the influence of the fall of the Turkish Lyra for the manat rate is not expected.
Elman Rustamov summed up that Azerbaijan has enough resources to maintain the equilibrium of the foreign exchange market and the current macroeconomic stability.