Azerbaijan, Baku / Trend corr. I.Khalilova / The National Bank of Azerbaijan (NBA) approves acceleration of reduction of nominal efficient rate of the manat compared to monetary trade partners of Azerbaijan in October 2007 as compared to December 2006, NBA stated.
In total the rate of trade turnover reduced by 4%, by 3.4% in import and by 4.2% in export. The nominal efficient rate of the manat reduced by 6.7% compared to the same period in 2006, and by 7.1% in export and 5.7% in import.
Under the accounts by NBA, the nominal efficient rate in trade turnover and import in the non-oil sector decreased by 3.6% and 3.7% in export in October.
A change of nominal monitory exchange for ten months affected the total trade turnover by 55% on the real efficient rate, and caused a change in prices by 45%.
In October 2007 the nominal efficient rate of the manat in foreign trade reduced by 13.5%, by 7.4% in import and 17.9% in export as compared to December 2000. The nominal efficient rate of the manat in the non-oil sector reduced by 2.1% in total trade, 3.9% in import and increased by 7.5% in export.