He noted, foreign trade turnover increased by 31%, non-oil sector – by 37%.
‘All these show that the economy is diversified successfully. Inflation made up 4% in three months, currency reserves exceed $44 billion. Positive indicators in balance of payment are forecasted to continue. Single-digit inflation indicates that exchange rate of national currency on non-oil sector declined. Compared to our trade partners, decline of 33-35% in national currency is kept. This reflects that we are higher than our trade partners’, he said.
More about: #Azerbaijan #Central-bank
