She noted, dollarization level has slightly lagged: ‘This is due to increase of confidence in manat in the recent months. Other positive stabilisation is that export in non-oil sector has also progressed. Devaluation had positive impact on this process. We think the oil price will be above $50 in the next years and this supports our forecast on stabilization’.
She added that though a positive dynamics is observed in Azerbaijan’s banking sector, the sensitivity in this sector still remains: ‘With the restructuring of IBA, a very difficult issue was solved. We think will affect economic development’.
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