Azerbaijani experts expect increase in rate of euro to $1.4 summarizing results of year

Baku, Fineko/abc.az. Azerbaijani independent experts, after the country’s government, continue to believe in stability of single European currency – euro.

An economist Vugar Bayramov said, the tendency of drop in euro exchange rate, forecast for May in size $1.26 for 1 euro, will also continue in June, prognosis for which makes  $1.24 for  euro.

“However, from July euro exchange rate will begin increasing to  $1.28 in July and $1.4 till the end of the year,” V. Bayramov said.

In  the past week, Azerbaijani Minister of Finance Samir Sharifov said expressed opinion that  euro-area countries will not allow op in euro exchange rate lower than  $1.19.

American economists, in their turn, point out the US administration that “excessive”  strengthening dollar to euro will result in collapse of another 1-2  largest  banks of the country.