CBA chairman: Exchange rate won’t affect inflation in Azerbaijan

The currency exchange rate is the main factor in inflation, Elman Rustamov told reporters in Baku.

According to him, work is underway in this direction, and no adverse effect on inflation is expected, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov told reporters in Baku, Report informs.

“However, there are other objective factors,” Rustamov noted.

“In connection with the spread of coronavirus, certain temporary supply problems may arise. Different people can take advantage of this. The government, as a whole, will keep this issue under control.”

The CBA chief pledged strict measures concerning people who artificially increase prices and abuse the situation, including currency speculators.