Elman Rustamov: "Government and Central Bank had developed "Plan B" beforehand for current oil price"

Elman Rustamov: "Government and Central Bank had developed "Plan B" beforehand for current oil price"
  • Clock-gray 14:25
  • calendar-gray 11 March 2020

"The Azerbaijani Government and the Central Bank of Azerbaijan (CBA) has "B" plan, and this plan has been developed beforehand just for this price (US$ 30-35) of oil. Currently, the government is functioning based on this plan. We are committed to solve this problem in the shortest time", said the CBA chairman Elman Rustamov while commenting on the impact of the sharp decrease of oil price on the country’s economy, “APA-Economics” reports.

"I call the people for calm. It is seen from the measures taken by the Government and by us that the demand is fully satisfied with good self-control. We call on the people to help us with their behavior so that we could achieve solution of the problem sooner”, he said. 

E. Rustamov added the country has necessary resources: “We have potential to confront the problem properly".

 

Narmin Rahimova

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