Elman Rustamov Predicts Stable Manat Rate by End of Year
Baku / 04.26.19 / Turan: Macroeconomic indicators give reason to predict that the manat rate will remain stable until the end of the year.
The Chairman of the Board of the Central Bank of Azerbaijan Elman Rustamov said this at a press conference on Friday.
Among the factors contributing to the preservation of the stability of the national currency, Rustamov called high oil prices on world markets.
In addition, trading at the currency auctions of the CBA also gives grounds for an optimistic forecast about the manat rate.
"The State Oil Fund even lags behind its currency sales schedule. Demand and supply at currency auctions almost coincide. In the first quarter, the Oil Fund sold $ 1.5 billion at foreign exchange auctions, and to date, $ 1.9 billion. According
to the schedule, the Fund lags $ 100 million behind the schedule in sales," the head of the CBA said.
He also noted that from the beginning of the year there was no need for currency interventions by the CBA. -71D-
Social
-
The project for the creation of a transport interchange center at the “Koroglu” metro station has been prepared and agreed upon by the Land Transport Agency (AYNA). This is done for the comfort of passengers traveling to suburban towns of the capital, press-release of the agency stated. Currently, the bus stop is located on the opposite side of the road from the “Koroglu” metro station.
-
On May 3, temperatures and precipitation are expected to decrease in Baku and Absheron. According to forecasters, rains are expected by Friday evening, and the north-westerly, gusty wind. The air temperature at night will be +10+15, and during the day it will be +18+22 degrees.
-
On May 1, the United States Treasury Department announced a new wave of sanctions aimed at entities supporting the Russian military-industrial complex, significantly broadening the scope of its restrictive measures amid ongoing tensions with Russia.
-
The trainings organized by Azercell for vulnerable women's groups continue Azercell and the "Reliable Future" Public Union organized the next training session within the "Create the Future with Your Own Hands" project framework. The training was held in the "Clean World" Aid to Women Public Union shelter for women and young girls. During the program, the professionals from Azercell Academy offered information to participants about the "soft skills" - internal motivation, communication, empathy, and emotional intelligence. The residents of the women's shelter received advice from specialists on their goals, career, and education plans.
Leave a review