Azerbaijan will try to convert foreign debt into national currency
  • ECONOMY

  • 11:06 21 May 2019

Azerbaijan will try to convert foreign debt into national currency

“We set a goal to decrease state debt in foreign currency and convert it to the national currency”, said Minister of Finance of Azerbaijan Samir Sharifov at the Asian Regional Debt Management Forum, ONA reports.

According to him, it will significantly increase the debt sustainability of Azerbaijan: “It will increase our resistance to any external shocks in the foreign markets”.

When talking about the conversion of foreign state debt in foreign currency into national currency Minister of Finance has stated that these are long-term issues: “Some actions are envisaged in this field. We have foreseen to broaden our internal market and pay back our foreign state debt.”

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