The Financial Markets Control House (FMCH) intends to establish the Financial Stability Board.
According to the official information of the controlling structure, it is an advisory body for coordinating policies in the financial system.
Recall, FMCH was established in February by a presidential decree after the fall in oil prices and the double devaluation of the national currency. Its first practical solution was a ban on the issuance of consumer credits in foreign currency, due to the outflow of capital.
According to the CBA, in the past year cash deposits and capital outflow from the country amounted to $ 6 billion 234.4 million. The importation made $ 1 billion 589.5 million. The volume of foreign exchange reserves of the CBA by March 1 was $ 4 billion 026.3 million, to $ 11 billion 4.4 million as of March 1, 2015 (reduced by 2.74 times). --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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