CESD: Low oil price negatively affects on the currency market in Azerbaijan

CESD: Low oil price negatively affects on the currency market in Azerbaijan The significant decline in oil prices on world markets is due to a multitude of international factors in the social, political and economic spheres. In particular, the decline caused an increase in US oil production. The remarks came from economic expert Vugar Bayramov, Chairman of Center for Economic and Social Development (CESD), Azerbaijan in an interview with CBC. In... Read More

Currency market in Azerbaijan: Why the national currency is losing its value?

Currency market in Azerbaijan: Why the national currency is losing its value? It has already been three month since the national currency of the Republic of Azerbaijan continuously loses its value. Since the second half of 2014, due to the fall in oil prices on the world markets, the resulting pressure on the national currency – ‘Manat’ is ongoing nowadays. Overall, Manat lost 49.6% of its value in 2015 and in addition, with more 3% depreciation... Read More