Press Review - April 16, 2018

A glance at the results of the presidential elections in Azerbaijan and the reasons for expecting devaluation in the country are the leading topics of today's press.

The newspaper Azerbaijan calls the presidential election another victory for democracy in Azerbaijan, which was highly appreciated by authoritative political circles and world media.

The author notes that the CEC exemplarily organized the elections, without restrictions on agitation and freedom of assembly. The article recalls that 894 foreign observers watched the elections, which witnessed the development of the country in a democratic direction.

The website Azadliq.info puts forward a different viewpoint on elections in an article titled Corruption of Elections. The author claims that the elections were rigged, and it was not the victory of the people, but the victory of power over the people.

Azerbaijan is turning into the poorest country in the region. The subsistence minimum is 130 manat, and teachers receive only 200 manat.

Revenues from the sale of oil amounted to 350 billion dollars, but the government did not use any of this money for the benefit of the country.

The Novoye Vremya newspaper writes that the population is afraid of a new devaluation, although economists believe that there is no cause for concern. A number of economic factors that affect the exchange rate of the national currency allow stable holding of the manat at the current level. However, it is possible that by the end of the year the exchange rate may change, as the US Federal Reserve can at least double the discount rate during the year, which will affect the growth of the US dollar in the world and the price of oil. -0--

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