The Financial Markets Control House (FMCH) made a statement that Brexit would not have a direct impact on the financial market of Azerbaijan.
"The analysis carried out, taking into account the expectedly increasing uncertainties in the commodity, labor and financial markets, has shown that the structure and dynamics of the foreign trade of Azerbaijan settled with major trading partners in the US dollar, as well as the currency composition of assets and liabilities of the country will minimize the impact of Brexit on the economy, including the financial system of our country," the statement says.
At the same time it is noted that on 24 June the foreign exchange market "sensitively" reacted to the news of Brexit.
FMCH continues to monitor the situation and takes measures to neutralize indirect effects of Brexit, including the psychological impact, on the economy. -16D-
Economics
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