Press Review 03/16/2016

Official newspapers write about the results of the visit of Ilham Aliyev to Ankara.

Social and family problems of citizens have become the leading theme of the non-governmental press.

The Azadlig believes the government team has no good staff. E.g. the head of executive power of the Agjabedi region, Shahin Mammadov said the citizens do not need to know where the state allocated funds were spent.

Mamedov threatened the villagers of Shanlik that "if anyone from this village again complains and publishes it in the press, then let all the other villagers beat the man with stones."

The Echo writes, if the oil price drops to $ 25, the relative stability of the manat can be saved, but throughout the year there may be some flash, the expert Fuad Alizadeh.

According to him, the current comparative strengthening of the manat is a result of the decline in foreign currency needs. Citizens during Novruz are not going abroad, so those wishing to buy currency are fewer.

"The National Bank no longer takes part in auctions, which is only done by the Oil Fund. If oil prices remain at $ 40, the manat will remain stable," said Alizadeh.

The Yeni Musavat again writes about the situation with currency loans. Citizens, who do not have income in foreign currency, cannot pay their loans because the manat fell heavily. Before the devaluation of December 21 it was enough to pay 200 manats a month for a loan, but now this amount has doubled.

As for banks, their situation has deteriorated. Bad loans paralyze the activities of banks. In short, now there is an amateurish attitude to this field and all this may end in a social explosion.

It is necessary to provide compensation to citizens, who took dollar loans before the devaluation. In addition, banks should be prohibited the issuance of foreign currency loans.  –0--