The National Bank of Azerbaijan (NBA) reiterated the rise in net efficiency rate (RER) in respect of currencies for trade partners in October 2006 as compared to December 2006.
The NBA informed Trend that the rate rose 0.6% in the total goods turnover, 1.5% in export and no change in import. Compared to 2005, the RER rose 1.7% in the total goods turnover, 2.3% in import and 1.2% in export.
According to the NBA, in October the RER in the non-oil sector rose 2.5 % in the total trade compared to the end of 2005, 2.4% in import, and 2.3% in export. Rate of manat rose 3.7%, 3.7% and 2.9% respectively over the similar period of 2005.
In October 2006 the RER of manat in the foreign trade dropped 8.3% compared to December 2000 (without consideration of oil sector), 0.4% 0 in import and 14.4% export. In the non oil sector the RER manat rose 5.5%, 4.3% and 12.8% respectively.