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Source: Azerbaijan : Recent Economic Developments

Volume/Issue: 1998/83

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 1998

ISBN: 9781451802528

Keywords: exchange rate, oil sector, real exchange rate, foreign exchange, exchange rate appreciation

This paper describes economic developments in the Azerbaijan Republic during the 1990s. Real GDP declined by more than 70 percent from 1992 to 1995, by which time high inflation had eroded real incomes, the exchang...