MP: Serious problems emerging on financial market

Wed 28 September 2016 10:40 GMT | 14:40 Local Time

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Serious problems are emerging on Azeraijan's financial market.

MP Vahid Ahmadov said at today's session of the Milli Majlis Committee for Economic Policy, Industry and Entrepreneurship that the changes to the law 'On Central Bank' and other laws create serious problems on the financial market.

"By reducing money mass, the Central Bank seeks to curb inflation. The Finance Ministry is trying to prevent budget deficit. The Financial Market Regulatory Body does not want the banks to have problems. The chamber for banks recovery is trying not to allow the loan issuance. It all creates very serioys problems."

He added that the relevant structures must take measures to ensure the financial and economic stability in the country. 

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