Azerbaijan: Recent Economic Developments

December 19, 1995

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Azerbaijan: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 22, 2024

Summary

This paper reviews economic developments in Azerbaijan during the 1990s. In 1992, approximately 70–80 percent of producer and consumer prices were liberalized, and enterprises were allowed greater latitude in their price and wage setting. However, price controls were applied on energy and bread prices, price markups remained controlled, and the price liberalization process was constrained by state procurement of major production items. Although the coverage of the state order system was gradually reduced, it still accounted for most of the production of “strategic goods” at end-1994.

Subject: Agricultural commodities, Bank deposits, Banking, Commodities, Currencies, Foreign exchange, Monetary base, Money, Oil

Keywords: Agricultural commodities, Broad money, Central bank, CR, Currencies, Exchange rate, ISCR, Monetary base, Oil, Savings bank, Terms of trade

Publication Details

Pages:

102
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/119
Stock No:

1AZEEA0011995
ISBN:

9781451802504
ISSN:

1934-7685

Notes

This report on recent economic developments in Azerbaijan Republic was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Azerbaijan Republic, or the Executive Board of the IMF.

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