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Azerbaijani government to promulgate anti-crisis measures

Azerbaijani government to promulgate anti-crisis measures

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Date: 29 December 2015 14:07

Baku, Azerbaijan, Dec. 29

By Elchin Mehdiyev – Trend:

The Azerbaijani government has prepared a plan of measures to overcome the current difficult economic situation, Ogtay Asadov, the Speaker of the Azerbaijani parliament, said a plenary session.

“The plan will be made public soon,” he said.

The speaker also discussed the issue of problem loans, adding that the efforts will be made to solve it in a planned manner.

The Central Bank of Azerbaijan switched to the floating rate of the national currency (manat) from Dec.21, 2015. As a result, the exchange rate of the US dollar and euro to manat rose by 47.6 percent and 47.9 percent and stood at 1.55 manats and 1.685 manats, respectively on the mentioned day.

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