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The crisis reigning in the world last year and this year led to adverse events in some countries. Some countries are cutting social benefits and reducing salaries and pensions to get out of the crisis. Azerbaijan, as part of the world economy, was also hit by the crisis. But we tried to protect our citizens from the negative impact of the crisis. Azerbaijan is one of the few countries in the former Soviet Union, where the rate of the national currency remained stable at the time of the crisis. We did not allow any changes.

From a speech at a meeting of the Milli Maclis
28.11.2010
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