Claim: The dependence of the Azerbaijani economy on oil prices has sharply decreased
Claimant: Shahmar Movsumov
Date: none
Fact-checked by: faktyoxla.info
Verdict: mostly false

Evidence:
Mar 16, 2020 — ... sharp drop in oil prices on March 9 and they have remained low, finishing the week at under $34. Azerbaijan's economy is highly dependent ...
To quantify the dependence of Azerbaijan on oil price fluctuations I employ ... More specifically, oil price decreases are found to have larger adverse impact on all ... Inflation increases sharply after both negative oil price shocks in the first ...
Jan 18, 2016 — Oil prices have fallen to their lowest level since 2003, sinking below $28 a barrel ... share prices in oil-rich Gulf states dropped sharply - with the Saudi Arabia Stock ... Azerbaijan's economy is heavily dependent on oil exports.
Jul 25, 2018 — Azerbaijani economy: 2022 outlook. ... the refinancing rate of the Central Bank has been decreased three times already, by 5 p.p. ... However, the banking sector problems, including low public confidence, a sharp reduction in the number of commercial ... The effective rate of manat went down after oil prices.
Apr 7, 2020 — Worldwide demand for fuel has dropped by 30 percent due to the coronavirus pandemic and last week President Ilham Aliyev said Azerbaijan, an ...