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Our exports exceeded imports by far, positive balance is more than $10 billion - President Ilham Aliyev

Politics 12 January 2022 20:08
Our exports exceeded imports by far, positive balance is more than $10 billion - President Ilham Aliyev

BAKU, Azerbaijan, January 12

Trend:

At the end of the year, our exports exceeded imports by far, and the positive balance is more than $10 billion, President of Azerbaijan Ilham Aliyev said in an interview with local TV channels on January 12, 2022, Trend reports.

"Azerbaijan is perhaps one of a handful of countries where foreign trade balance is positive. In most countries of the world, imports exceed exports. At the end of the year, our exports exceeded imports by far, and the positive balance is more than $10 billion. Everyone involved in the economy sees how important this is. Of course, first of all, it has the greatest impact on the stability of the manat. The manat has been stable for many years, and both the population and the country have benefited greatly from that. The volume of manat deposits is growing and already dominates the balance of total deposits. This is a great benefit for investors. Because investors also see that the national currency is stable. Under such circumstances, investments, including foreign, can be attracted in higher volumes," the head of state said.

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