Media Review December 6, 2019

The unity of words and deeds in politics, the economist’s forecasts for the next year, and discussion of the possibility of extending the term of full deposit insurance are the topics of today's media.

The newspaper Azerbaijan writes about the unity of word and deed in the policy pursued by the country's leadership. Baku is part of an organization that does not meet the national interests of Azerbaijan. The result of such a policy is a great respect of the country from the world community. According to the author, no one can intervene in the affairs of Azerbaijan.

The website Bizimyol.info talks with economist Gubad Ibadoglu, who claims that the coming year will be difficult from an economic point of view. The money supply is growing rapidly, and inflation remains stable.

At the end of November, the money supply in the country amounted to 10 billion 674 million 500 thousand manats. Thus, the money supply growth since the beginning of this year amounted to 1 billion 128 million 800 thousand manats (18.8%), while in 2018 the money supply growth amounted to 12%.

Over 10 months, money supply growth exceeded GDP growth by 9 times. Nevertheless, inflation remains at the level of last year. This suggests that the State Statistics Committee falsifies indicators. Prices are rising rapidly and hidden inflation is about 10%.

The website Yeni Sabah.az discusses with an expert Akram Hasanov the question of a possible extension of the term of deposit insurance. The author recalls that since March 4, 2016, the country has a deposit insurance system for a period of 3 years.

In 2018, the term of this system was extended to March 4, 2020. At the end of this period, compensation will be issued only for insured deposits not exceeding 30 thousand manats.