Azerbaijan’s currency stable in ‘09
The rate of Azerbaijan’s manat has decreased 0.3%
against the US dollar in 2009, indicating that the national
currency has remained stable throughout the year, according to
Elman Rustamov, chairman of the Central Bank steering board.
Rustamov said in parliament Tuesday that the manat has strengthened about 1% against the currencies of most of Azerbaijan’s trading partners. The central banker said securing a stable rate of the national currency at a time of no budgetary growth has allowed increasing the earnings of citizens and ensuring stability of their bank deposits.
Rustamov said the government is determined to keep the manat robust in 2010, as this is a primary requirement for sustainable economic growth.*
Rustamov said in parliament Tuesday that the manat has strengthened about 1% against the currencies of most of Azerbaijan’s trading partners. The central banker said securing a stable rate of the national currency at a time of no budgetary growth has allowed increasing the earnings of citizens and ensuring stability of their bank deposits.
Rustamov said the government is determined to keep the manat robust in 2010, as this is a primary requirement for sustainable economic growth.*
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Subscribe
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!