Ziyad Samadzada: ‘Our foreign exchange reserves exceed external debt by 8 times’

Azerbaijan's foreign exchange reserves are eight times more than the foreign debt, said Ziyad Samadzada, the Chairman of the Milli Majlis Committee on Economic Policy, Industry, and Entrepreneurship, Report informs.

"Annual reduction of foreign debt is the result of consistent policy. The reduction of the ratio of debt to gross domestic product (GDP) to 10% is due to the principled position of the country's president," he said.