Azerbaijan National Bank is going to balance with all economic bodies in fulfilling tasks for resolving problems appearing with exchange of currencies received by State Budget and State Oil Fund of Azerbaijan Republic
In the first half year, the Azerbaijan National Bank (ANB) is going to balance with all economic bodies in fulfilling the tasks for resolving the problems appearing with the exchange of currencies received by the State budget and the State Oil Fund of Azerbaijan Republic, Trend reports quoting Elman Rustamov, the chairman of ANB.
This is a complex problem, at the moment we resolve the interrelated tasks put forward by the country president: macro-economic stability, not-permitting the raise of consumer prices, financial stability and stability in the bank system, liquidity of economy and realization of budget program, told Rustamov.
He hopes that these questions will be balanced in the future. However, he doesnt exclude that such problems may appear in the future. The expenses for the exchange of budget finance to currency are born by the Finance Ministry. Such expenses are also born by ANB for strengthening manat. Similar problems appear in State Oil Fund and other financial institutions that have open currency position, stressed Rustamov.