“The increase in oil prices and the growing international reserves of the Central Bank of Azerbaijan will help Manatu remain stable.” This is stated in the message of the Ministry of Finance.
The statement states that the situation in Ukraine, along with potential negative consequences for the Azerbaijan economy, creates an opportunity to take advantage of the diversification of gas supplies to the European Union (EU).
So, in accordance with the memorandum “On mutual understanding of strategic partnership in the energy sector”, signed between Azerbaijan and the European Union on July 18, 2022, over five years of gas supply through the southern gas corridor will double, and since 2027 will be in Europe in Europe will be in Europe At least 20 billion cubic meters of blue fuel are supplied annually.
At the same time, it was noted that the depreciation of the national currency in countries such as Russia, Turkey, Ukraine, Kazakhstan, Belarus and a tough monetary policy in a number of countries have a restraining effect on inflation in Azerbaijan, strengthening the nominal effective course of manat .