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Azeri c.bank says carrying out tight policy to preserve stability
November 30, 2016 / 10:31 AM / in a year

Azeri c.bank says carrying out tight policy to preserve stability

BAKU, Nov 30 (Reuters) - Azerbaijan’s central bank is carrying out tight monetary policy to preserve stability, the bank’s head Elman Rustamov said in the ex-Soviet country’s parliament on Wednesday.

Rustamov added that banks were not in a stable condition in Azerbaijan, whose commodity-dependent economy has been hurt by weak oil prices. (Reporting by Nailia Bagirova; Writing by Alexander Winning; Editing by Maria Kiselyova)

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