Elman Rüstəmov
Baku / 01.02.19 / Turan: The macroeconomic forecasts of 2019 are very similar to the forecasts of 2018, and therefore it is not serious to talk about devaluation in 2019. The chairman of the Central Bank of Azerbaijan Elman Rustamov said this at a press conference.
"All our forecasts are based on macroeconomic stability. Last year, the balance of payments was in surplus. The State Oil Fund assets increased by $ 3 billion."
He noted that the complete stability of the foreign exchange market was ensured.
"Regardless of the price of oil, the transfer from the State Oil Fund to the financial market of Azerbaijan will be $ 6.8 billion. New budget rules make it possible to maintain the manat rate in stability. "
At the same time, E. Rustamov noted that if they were expecting risk factors, they would not have made a decision to reduce the discount rate.
"The forecasts are based on a consensus forecast for oil prices in the range of 60-70 dollars. The state budget is also formed on the basis of such a price," E. Rustamov said. -71D-
Finance
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