Central Bank of Azerbaijan offers to carefully consider monetary expansion
Baku, Azerbaijan, Oct. 12
By Ilaha Mammadli - Trend:
The Central Bank of Azerbaijan (CBA) together with the government allocated 1.2 billion manat to support the economy in 2015, Elman Rustamov, the CBA chairman of board, said Oct. 13.
Rustamov made this statement at the plenary session of the Azerbaijani Parliament while discussing the draft state budget-2016 and the next three years.
"We dealt with the monetary expansion in 2015 and signed an economic assistance program, which contributed to its revival," he said. In general, dozens of investment and social projects were signed."
"We must conduct a careful monetary expansion policy in 2016 given the important task of the government to balance the economy and maintain its stability amid new challenges," he said.
The official exchange rate is 1.0475 AZN/USD Oct. 13.
Edited by CN