...

No fundamental risks for macroeconomic stability in Azerbaijan, minister says

Business Materials 11 April 2018 14:08 (UTC +04:00)
There are no fundamental risks for macroeconomic stability in Azerbaijan
No fundamental risks for macroeconomic stability in Azerbaijan, minister says

Baku, Azerbaijan, April 11

By Anvar Mammadov - Trend:

There are no fundamental risks for macroeconomic stability in Azerbaijan, Finance Minister Samir Sharifov told reporters in Baku on April 11.

The minister made the remarks when commenting on the fluctuations of the national currencies in neighboring countries. Sharifov noted that they will not strongly affect Azerbaijan.

"In case we look from the prism of ensuring the stability of the state budget and macroeconomic stability, then we can say that presently, we don't face fundamental risks," Sharifov said.

The newly-imposed US sanctions negatively affected Russia's ruble. Despite the growth of oil prices, the rate of the ruble to the USD dropped to the most modest value in the last six months.

The rate of the ruble to the USD on the Moscow Stock Exchange declined by 3.4 percent, to 60.15 rubles - the minimum since November 2017, while the rate of the ruble to the euro fell by 3.8 percent to 74.08 ruble - the minimum since August 2016.

Furthermore, Iran's currency, the rial, has cheapened by more than 11 percent, and the Turkish lira - by 3.9 percent.

Tags:
Latest

Latest