Economists Appeal to President to Solve Foreign Currency Loans Problem

Economists Appeal to President to Solve Foreign Currency Loans Problem A group of prominent economists of Azerbaijan appealed to President Ilham Aliyev with a request to resolve the problem of foreign currency loans of the population. The problem of repayment of loans issued in foreign currency worsened markedly after the devaluation of the manat, which led to a twofold increase in the cost of credits in manat equivalent. This cheapening of the manat significantly outpaced the... Read More