The Ministry of Economic Development proposes maximal drop in growth pace of currency rates in terms of consolidation of the national currency manat in regard to the U.S. dollar, Trend reports.
Our position was sounded at yesterday's [25 September] meeting of the Cabinet of Ministers dedicated to the consideration of the packet of 2007 public budget forecasts. However, rise in the cost of the national currency is inevitable, as the currency flow in the big volumes actually causes consolidation, which is one of the anti-inflation tools, Azerbaijani Minister for Economic Development, Heydar Babayev, said.
The consolidation of manats makes a negative impact on export products. According to the forecasts by the Ministry of Economic Development, the rate of AZN in regard to the USD is 0,8587 manats.