The strategic monetary reserves of Azerbaijan exceed external debts, so there are no fundamental reasons for the world financial crisis influencing the country’s economy, Chairman of the Board of the National Bank of Azerbaijan Elman Rustamov stated.

Mediamax reports referring Trend that Elman Rustamov stated that the foreign liquidity of Azerbaijan exceeds $17bln today and the external debt of the country, taking into account the debts of the private sectors, does not exceed $8bln.

According to him, the financial situation in the country is stable and the sufficient reserves allow the crisis avoiding influencing the Azerbaijani economy.