Speaker of Azerbaijani Parliament: falling manat doesn't affect the populationThe growth of the price of the US dollar in Azerbaijan will not harm the owners of deposits, the speaker of the National Assembly of Azerbaijan, Ogtay Asadov, said.Firstly, according to Asadov, more than 50% of deposits in the country are made in dollars."Secondly, I officially declare to you that last week banks traded 2 billion manats, and 2.5 billion before, banks made this possible," Trend cited him as saying. "The government held the exchange rate of the manat as long as it could. However, it should be noted that Azerbaijan is at war with Armenia and we cannot exclude the possibility of military and other actions, which can require additional funds. We should think about the future and we cannot spend all our reserves today," Asadov said. "I agree, shops and many speculators increased their prices. As far as I know, 70% of food products in the country are produced locally and an increase in prices is not a natural process," he said. "I held negotiations with the Ministry of Economy and Industry, which is developing a plan for holding prices at the same level, in spite of the national currency devaluation," Oktay Asadov concluded.
The growth of the price of the US dollar in Azerbaijan will not harm the owners of deposits, the speaker of the National Assembly of Azerbaijan, Ogtay Asadov, said.
Firstly, according to Asadov, more than 50% of deposits in the country are made in dollars. "Secondly, I officially declare to you that last week banks traded 2 billion manats, and 2.5 billion before, banks made this possible," Trend cited him as saying.
"The government held the exchange rate of the manat as long as it could. However, it should be noted that Azerbaijan is at war with Armenia and we cannot exclude the possibility of military and other actions, which can require additional funds. We should think about the future and we cannot spend all our reserves today," Asadov said.
"I agree, shops and many speculators increased their prices. As far as I know, 70% of food products in the country are produced locally and an increase in prices is not a natural process," he said. "I held negotiations with the Ministry of Economy and Industry, which is developing a plan for holding prices at the same level, in spite of the national currency devaluation," Oktay Asadov concluded.
