Political parties of the devaluation

Popular Front Party called the Central Bank’s decision to move to a floating exchange rate of manat a serious blow to the economy. This will have a negative impact on the welfare of citizens and lead to higher prices. But the biggest problem is the return of  loans and a possible banking crisis. At present, the volume of unpaid consumer loans  by citizens is  7 billion 684 million manat.

The government should intervene in the matter of loans, to lower interest rates, to hold the indexing of loans. It should also reduce the price of fuel and prevent a further rise in prices, according to PPFA.

Chairman of the Democratic Party, Sardar Jalaloglu, told  that the problem is not in the floating exchange rate of manat, but the fact that the country is facing the threat of default.

At the moment, there is no source to fill the state budget. In January-March could happen another drop in oil prices by 10-15 dollars, which will lead to social cataclysms, Jalaloglu said. He also reminded about Azerbaijan's relations with the West. According to him, it is unlikely someone will be interested in investing either in Azerbaijan today.

The party "Umid" in a statement said that the devaluation will lead to higher prices and the socio-economic situation of the population will deteriorate.  The problems  can be  solved  partially by indexing public sector wages and pensions, and benefits of bank deposits.

They believe that the government should abandon the policy of replenishing the state budget at the expense of the population, the statement said. -04 / 05D-