Elman Rustamov: We don’t expect impact of lira's decline on manat rate


March 30, Fineko/abc.az. The processes taking place in the economy and financial system of the partner countries are in the focus of attention of the Central Bank of Azerbaijan, ABC.AZ reports citing CBA president Elman Rustamov.

According to CBA chair, the country maintains macroeconomic stability, including the balance in the foreign exchange market, and there is a decrease in dollarization.

"The trend of rising world oil prices improves the balance of payments and forecasts, and positively affects the stability of the foreign exchange market. Taking this into account, it is not expected that the depreciation of the Turkish lira will affect the manat rate," the bank's chair said.