According to the National Bank of Azerbaijan, the actual efficiency ratio (REC) of manat for September in the oil sector, relating to the currency of foreign trade partners in the country 12.3% drop in goods turnover, 13.3% drop in import and 11.4% drop in export. Over 9 months the change of net currency rates by 12.9% affected on the REC in the goods turnover, whereas change of prices was 87.1% (with the consideration of oil sector).
Research showed that the impact of the U.S. share on the increase of REC in the foreign trade (with the consideration of oil sector) was 0.3% in September, 0.5% - Turkey, 0.1% - Turkey, 0.2% - Israel, 0.6% - Ukraine, 0.2% - Japan, 0.3% - Iran, 0.1% - Eurozone, 0.05% - UK, and also 0.9% drop on Russia's share and 0.1% on Kazakhstan's share.
In September the REC for the same period of 2005 saw a 7.3% rise in the total amount of trade, 6.5% rise in import and 7.9% rise in export. In September the REC in the non-oil sector rose 3.3%, 3.4% and 1.2% respectively, and 8.4%, 8.7% and 3.6% as compared to 2005.
In September the REC in the non-oil sector showed a drop of 7.7% in the total amount of goods turnover compared to December 2000, a 6.3% drop in import and 23.8% drop in export.
In January to September 2006, regarding the actual rate of the manat in respect of the currency of the United States, Japan exceeded the growth pace of nominal rate of manat. At the same time the rate of manat dropped in respect of the Euro, British pound and shekel of Israel. During this period the actual rate of the manat dropped 4% in respect of the Russian ruble, a nominal drop of 3%, the actual rate of the Kazakh tenge dropped 1.1% and had a nominal drop of 1.4%.
The NBA came to the conclusion that in the long-term period (2000-2006) the REC of the manat dropped, which is evident in Azerbaijan by the availability of foreign trade with major trade partners. In 2001-2006 the level of inflation in Azerbaijan was 32.8%, whereas the average rate of the country's partners was 38.3%. During this period the level of inflation in Azerbaijan was 34%, whereas the country's trade partners were 38.7%.