Azerbaijan, Baku, 4 November / Trend , corr. N.Ismayilova / In 2009, the inflation rate is expected in Azerbaijan at 12-14% in the case of absence of any foreign influence on the consumer prices in the country, the state budget for 2009-2012, which was submitted to the Parliament, said. The index is expected to be brought to well-defined rate soon.
The key aim of the currency policy is to hold permanent assessment of the real efficiency of the currency rate and avoid the 'Dutch disease' without its negative influence on the non-oil sector.
[In Jan-Sept 2008, the inflation growth rate is 21.5%.]
The monetary and credit policy of the National Bank of Azerbaijan will be directed to retain the macroeconomic stability and hold the inflation on governing rate. The forecasts on sharp increase of monitory incomes of the country in 2009-2012 cause dramatic growth of money supply. This forecasts flexible sterilization of money supplies. A close interaction between monitory and fiscal policy is necessary for successful implementation of the task. A special attention will be paid to development of securities and totally to financial institutes.
At the same time the Government plans to increase the amount of state security placement to strengthen the sterilization potential monitory policy.
As for Jan-Oct, a total of 97.42% of deals in the amount of AZN 2068,4bln was supplied on the fund market of the country due to state securities.
The coordination in the macroeconomic governance system is also planned to enhance within the monitory policy.
On 4 November, the official currency rate is 0,8097 AZN/USD.
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