Press Review 12/10/2016

The role of Azerbaijan in ensuring global energy security, the depreciation of the dollar, the crisis in the banking system, and the trade decline are the leading topics of today's press.

The Azerbaijan newspaper writes about the important role of the country in ensuring global energy security. The author believes the conflicting world during humanitarian and environmental disasters requires a transition to an alternative method of transporting energy.

In this sense, the attention of Europe is attracted by energy-rich Azerbaijan and routes through the country.

The author writes about the World Energy Congress and the participation of President Ilham Aliyev in it, and quotes his speech at the forum on the issue of energy security.

The website Azadliq.info writes about the fall of the dollar, which is a temporary phenomenon. The expert Nemat Aliyev believes the depreciation of the dollar is an artificial process. One of the reasons is that the closed banks return deposits at a lower rate.

To strengthen the manat very serious processes should happen: the flow of foreign currency into the country should be speeded up, the revenue from imports and exports should be increased, and foreign currency should be bought and sold freely.

Novoye Vremya re-publishes an article about the crisis in the banking system, accusing the "inept bank management' of this. According to the article, bank managers have turned the whole system into one big bubble.

Bizim Yol writes about the situation of the shopping center Amay, where there is almost no trading, especially after the double devaluation of the manat. Many shops have closed. Some have announced significant discounts or have begun to conduct sales via the Internet, opening pages of their own in Facebook and Instagram.