Guliyev said that currently, dollarization process is underway due to devaluation: “Today, banks’ resources are in dollar due to population exchange their savings to dollar. Banks offer loans in dollar to reduce risks. However, they cannot force clients to get loans in dollar”.
He noted that the CB carries out certain works on dollarization: “Central Bank opened a window and is trying to meet the need of banks for manat. This aims to support lending in manat”.
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