President Ilham Aliyev: Our ill-wishers, internal and external anti-Azerbaijani forces are spreading rumors, trying to mislead people, to sow panic among them

President Ilham Aliyev: Our ill-wishers, internal and external anti-Azerbaijani forces are spreading rumors, trying to mislead people, to sow panic among them

BAKU, Azerbaijan, April 17


Our ill-wishers, internal and external anti-Azerbaijani forces are spreading rumors, trying to mislead people, to sow panic among them, said Azerbaijan’s President Ilham Aliyev while making an opening speech at the meeting on the socio-economic results of the first quarter of 2020 through videoconference, Trend reports.

“During the crisis, the banking sector is of particular importance. Therefore, the improvement of banks and the correct assessment of the contribution the banking sector can make to the country's economy are very important. I believe that the issues you underlined are based on an absolutely correct analysis. Of course, we must protect the macroeconomic situation and keep it stable. The experience of the first months of coronavirus shows that we have achieved this. The macroeconomic situation is stable, the manat rate is stable. As you noted, for some time the population and legal entities were taking steps towards dollarization. But there is a process of de-dollarization now. I want to draw the attention of the public to one more issue and express my opinion. Unfortunately, if there are any changes in the national currency of any country, especially neighboring countries, Azerbaijan immediately reacts to that even though there is no need for this,” said President Ilham Aliyev.

The head of state noted that we came across this several years ago, which is why we had to go for two devaluations.

“It is possible to say that the foreign exchange reserves of our Central Bank were shrinking, there was some artificial excitement and dollarization reached its peak – as was the case in the current environment. As soon as the coronavirus pandemic spread, the national currencies of some countries collapsed. But there is currently no reason for this in Azerbaijan. We have enough resources and representatives of government agencies made statements on this issue. However, some people spread rumors, others succumbed to panic. We immediately saw activity in the exchange market and the demand for dollars increased. At the initial stage, even the sale of a large volume of dollars was envisaged. But then we saw that the macroeconomic situation was stable, the manat rate was stable and there is no such excitement now. Therefore, I urge the people of Azerbaijan not to succumb to rumors, not to believe them. Our ill-wishers, internal and external anti-Azerbaijani forces are spreading rumors, trying to mislead people, to sow panic among them. There are no grounds for this,” said the head of state.

President Ilham Aliyev noted that Azerbaijan is a strong state and the Azerbaijani leadership shows everything the way it is to the citizens of Azerbaijan.

“We are not embellishing the big picture, but at the same time, I can say quite frankly that there is no reason for panic or any kind of concern. Our main goal is to win the fight against coronavirus, to overcome this situation with small losses and little damage to the economy. We are well aware that restrictive measures are harmful to the economy. Here we must make a choice between two factors – economic activity and public health. My choice is obvious – public health. Therefore, restrictive measures have been taken. Of course, we initially knew that this could negatively affect economic activity and inevitably lead to the spread of certain rumors and a certain concern in the economic sphere. We did it consciously to protect people, their lives, because there is nothing more valuable than this. The economy can survive the recession and grow next year. In any case, everything is under control. Therefore, there is no need for any anxiety in the exchange market today either,” said the head of state.

Prime Minister Modi  Launches pan India rollout of COVID-19 vaccination drive
Prime Minister Modi Launches pan India rollout of COVID-19 vaccination drive
GM to invest C$1 billion in Canada plant to manufacture electric vans
GM to invest C$1 billion in Canada plant to manufacture electric vans
Kazakhstan sees decrease in exports to EAEU countries
Kazakhstan sees decrease in exports to EAEU countries
Loading Bars
Operational Headquarters of Azerbaijan talks international, domestic flights
Prime Minister Modi Launches pan India rollout of COVID-19 vaccination drive
GM to invest C$1 billion in Canada plant to manufacture electric vans
Azerbaijan to start vaccination from COVID-19 - Operational Headquarters
Barbershops and beauty salons in Azerbaijan to start working soon
Kazakhstan sees decrease in exports to EAEU countries
Review of transactions in national currency at Turkmen exchange for Dec. 2020
Total amount of transactions on Turkmen Commodity Exchange for Dec. 2020
Iran's companies can offer technical services in Azerbaijan's Karabakh
Azerbaijan to resume activity of shopping centers, museums, barbershops
Weekly review of Azerbaijani currency market
Uzbekistan reveals its COVID-19 data for January 16
Ban on entry-exit to some cities, regions of Azerbaijan remains in force
Azerbaijan makes wearing face masks mandatory both indoor, outdoor
Public catering facilities in Azerbaijan to resume activity soon
Aftershock rocks Indonesia quake zone as search continues
Kazakhstan's coal extracting venture to transformer substations via tender
Azerbaijan softens toughened quarantine regime
Turkmenistan, IBRD sign protocol of negotiations on COVID-19 response draft
Azerbaijan cancels SMS-permissions for leaving homes due to COVID-19
Iranian currency rates for January 16
Iran expects balance in foreign currency rates
Azerbaijan's import of grain from Russia's Stavropol for 2020 revealed
Mass inoculation of Russians against coronavirus to begin on January 18
Indonesia quake kills at least 42, injures hundreds
U.S. Health Secretary Azar condemns Capitol violence in resignation letter
UzAuto Motors doubles cars production volume in 2020
France's coronavirus death toll approaches 70,000
Over 600,000 have received Sinovac shots in Turkey's vaccination program
5.4-magnitude quake jolts southern Iran
Hotel occupancy increases in all Georgian regions
Trump directs government to minimize procurement from China
WhatsApp to delay launch of update business features after privacy backlash
Brazil reports more than 1,000 COVID deaths for fourth consecutive day
Number of COVID-2019 cases across globe up by over 709,000 in past day
UN chief calls for "far greater solidarity" in message on 2 millionth COVID-19 death
Money transfers to Georgia up in December 2020
WHO advises against proof of COVID-19 vaccination for int'l travel
BMW to recall 21,693 cars in Russia
We are having tea in pear-shaped glasses, baklava on Jidir Duzu. Let our friends rejoice, enemies get blind! - President Aliyev (PHOTO/VIDEO)
It is such unique feeling to see Shusha, to return to Shusha - President Aliyev
Commander-in-Chief came to Shusha for first time in 30 years and, frankly, does not want to leave - President Aliyev
Those who grew up over 17 years have liberated these lands - President Aliyev
Prepare report here, not in your cabinets - President Aliyev to international organizations
Global COVID-19 deaths surpass 2 mln
People of Azerbaijan will live in Shusha forever - President of Azerbaijan
All martyr families will be provided with apartments and houses by state - President Aliyev
In May 1992, Shusha was occupied as result of betrayal of PFPA-Musavat duo - President Aliyev
Today, I brought busts of our geniuses Khurshidbanu Natavan, Uzeyir Hajibayli and Bulbul to Shusha - President Aliyev
It is impossible to imagine Shusha without Jidir Duzu, and Azerbaijan without Shusha - President Aliyev
Mausoleum of Molla Panah Vagif was inaugurated exactly 39 years ago, I was standing right here - President Aliyev
After desecrating busts of our genius personalities, Armenians took them to Armenia to be melted down and sold - President Aliyev
Armenia must answer in international courts - Azerbaijani MFA
I said no, we will take these busts back only after liberating Shusha from enemy, put them in their original places - President Aliyev
Iran ready to establish joint automobile company in Iraq
Kyrgyzstan’s public debt reaches USD 4 bln 887.46 mln
Turkey reports over 8,000 new COVID-19 cases
UK records another 55,761 coronavirus cases, 1,280 deaths
Israel has vaccinated over 2 mln people against COVID-19
Britain tightens borders to keep out new COVID-19 strains
Kazakhstan's national operator for main oil pipelines reports decrease in oil transport
Int'l community must condemn Armenia's actions against Islamic religious monuments - Azerbaijani MP
Azerbaijani Economic Council holds first meeting in 2021
Shusha's residents proud of seeing Azerbaijani president in Shusha city
Group supporting Russian export to Azerbaijan renders assistance for foreign trade transactions in 2020
President of International Judo Federation congratulates Azerbaijani president
Azerbaijan increases total volume of exported gas in 2020
European Gymnastics to focus on competitions planned for 2021
Azerbaijan's foreign trade balance remains positive in 2020
Export operations between Azerbaijan and Australia greatly increase
Azerbaijan establishes National Agency for Mine Clearance of Territories of Azerbaijan
Int'l structures willing to cooperate for 'Green Energy Zone' in Azerbaijan's Karabakh (PHOTO)
Georgia reveals volume of electricity imported from Azerbaijan
Georgian Hualing Group implements new construction project
Georgia outstripping European preferences for innovations in some areas - MasterCard
Afghanistan always supports Azerbaijan in its just cause - Ambassador
Azerbaijani, Finnish FMs discuss latest situation in region
Whole world to see rapid economic recovery in Azerbaijan's liberated lands - Russian MP
Azerbaijani, Russian FMs exchange views on tasks of Jan. 11 joint statement
Georgian Enguri HPP rehabilitation project carried out with support of EBRD and EU
President of Georgia, NATO Secretary-General to meet in Brussels
How can leaders of Muslim countries be friends with country that destroyed mosques? - President Aliyev
President Aliyev presented Holy Quran to Saatli Mosque
In near future, we will ensure restoration of Shusha in planned manner - President of Azerbaijan
Despite all pressures, phone calls and threats, I said that we would go to end - President Aliyev
I have come to Shusha using the victory road - President Aliyev
Great return begins, all work has begun - President of Azerbaijan
Uzbekistan, Tajikistan resume regular flights
Azerbaijan sees growth trend in car insurance segment
Azerbaijan’s PASHA Bank ends 2020 with big profit
Wells Fargo profit beats Wall Street estimates as credit costs fall
Citigroup quarterly profit beats estimates as loan loss provisions slow
OSCE Chairperson-in-Office appoints Special Representative for South Caucasus
Parliament's plan on steel sector to damage Iran's exports - Steel Producers Association
Azerbaijan announces starting date for COVID-19 vaccination
Port of Baku starts cooperating with Belgium-based int'l training center
Azerbaijani ombudsman visits persons detained during anti-terror operations in liberated lands
Most of Uzbekistan’s population to be provided with COVID-19 vaccine
International DOPPELMAYR to finish construction of Georgian ropeway
Demand for marble products of plant in Turkmenistan’s Akhal region increased
All news