“Several years ago, we had to go to a very difficult step. The devaluation of Manat negatively affected the well-being of our citizens. But we had to take this step, because otherwise we could spend all your foreign exchange reserves. already tightening With this measure, it has led to the fact that the monetary reserves of the central bank were largely exhausted. For the preservation of the stability of the manat, about 10 billion dollars was spent. As a result, the Central Bank failed to preserve the manat stable, and we lost 10 billion dollars of currency, “- Azerbaijani President Ilham Aliyev said in an interview with Azerbaijani television channels, commenting on the financial situation in the country.
According to the head of the Azerbaijani state, now despite large investment costs, including the revival of liberated territories, and foreign exchange reserves of Azerbaijan rose by 2.5 billion dollars. I.Aliyev gave her junction to the government to prevent reduction in foreign exchange reserves.
“If necessary, we must slightly reduce costs, especially if necessary, investment costs and maintain our currency reserves stable. We must try to increase it. Because it gives us economic independence. Without economic independence, it is impossible to talk about political sovereignty. “, – noted the head of state.
President predicts manat stability in the future: “Over the years, manat is stable. The country’s population enjoys this. The confidence in the manat increased. The volume of deposits in manat has increased. In the general balance of deposits, manat is also dominated. It is also in the interests of investors.”