Baku. 1 August. REPORT.AZ/ Improving the indicators of the external sector and the existing framework of macroeconomic policies ensure the balance of the foreign exchange market and the stability of the national currency.
Foreign value of the national currency is stable within the existing external and internal macroeconomic parameters. The stability of manat entails de-dollarization.
Report informs, says the statement of the Central Bank of Azerbaijan (CBA).
According to information, a significant increase in world oil prices compared to the forecasts and the same period of the previous year in the first half of this year, the activation of non-oil exports and the reduction of imports have led to improvements in the performance of the external sector. In January-June, compared with the same period last year, exports increased by 36.5%, including non-oil exports - by 27.9%, imports decreased by 15.7%. The surplus of the foreign trade balance amounted to 1.9 bln USD, the country's strategic foreign exchange reserves increased.