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    Government of Azerbaijan developing anti-crisis plan

    Speaker of Azerbaijani Parliament Ogtay Asadov: In the coming days population will witness this

    Baku. 29 December. REPORT.AZ/ Population of Azerbaijan must adapt to the weak manat.

    Report informs, Azerbaijani MP Ali Masimli said at today's plenary session of the Parliament: "It's necessary to prevent pre-holiday agiotage. Otherwise, prices from the "black market" will move to exchange offices."

    According to A.Masimli, it is incorrect, that the burden of 50% devaluation falls on the shoulders of the population:

    "The difficulties should be divided. Either you must accept the payments at the old rate, or restructure and to choose an acceptable option."

    "It is necessary to extend the monitoring, the prices should rise naturally.It is necessary to prevent the artificial rise in prices.In accordance with the natural growth of prices it is necessary to carry out indexation of wages and pensions.Manat will gradually stabilize with the development of small and medium businesses and non-oil sector.I hope that the government will manage to overcome the difficulties of 2016-2017 years", he added.

    A. Masimli noted that Azerbaijan should be ready to the fall in oil prices on the world market to 25-30 USD / barrel, while the Central bank to take action.

    Parliament Speaker Ogtay Asadov said that, Government and the Central Bank are preparing a plan of action in this regard: "Population will witness this in the coming days."

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