Azerbaijani Think Tank Does Not Agree with Idea of Unified Islamic Currency

Chairman of the Center for Economic and Social Development (CESD), Vugar Bayramov on passing these days in Cairo (Egypt), the next forum "think tanks" of Islamic countries opposed the idea of release of a single currency and a single economic space in Islamic countries. In his view, these ideas are without economic basis.

Introducing Online Azerbaijan as an independent think tank representative, Vugar Bayramov spoke on "Economic difficulties prospects of resource-rich Islamic countries." He stressed that the Islamic world, where the science is not well developed and there is no access to high technologies, inferior to the West in economic indicators. Gross national domestic product of 57 Muslim countries is two times lower than the U.S. GDP. According to the UN human development index, countries of the Muslim world are not even in the top thirty. For example, Azerbaijan ranks the 82nd on the index.

Besides CESD, Azerbaijan is also represented by the Center for Strategic Studies under the President of Azerbaijan. - 08D-