Press Review - February 13, 2018

Assessment of the electoral situation in the country, the possibility of falling oil prices, and the financial situation are the leading topics of today's press.

Khalg Gazeti comments on the order signed by Ilham Aliyev to hold extraordinary presidential elections on April 11, which fully comply with the Constitution and legislation. The author writes that for the conduct of elections in the country all conditions are ensured - the elections will be fair, democratic, free and transparent.

The Yeni Musavat newspaper - expert economists give a pessimistic forecast about a possible drop in the price of oil. This issue is discussed with the expert Rashad Hasanov, who notes that Azeri Light brand oil is falling in price - up to $ 65.20.

Given that a week ago oil was sold over USD 70 in the market, it is worth recalling that BP recently spoke out with a forecast of the fall of oil to $55 before the end of 2018.

The newspaper Novoye Vremya published an article about the Central Bank's artificial support for the exchange rate of the Azerbaijani currency. Long-term retention of the dollar at 1.7001 AZN / USD does not mean that the Central Bank refused a floating rate.

Given the interest of the population and entrepreneurs, we do not want a sharp fall or rise in the value of AZN, said the head of the Central Bank Elman Rustamov.

The regulator is aimed at a low volatile stable rate, cheap money and low inflation, and all three indicators are equally important. The increase in foreign exchange reserves is due to the repayment of debts by banks. At present, the CBA does not buy or sell dollars at currency auctions, the country's chief banker said.