Brexit to Have Negative Impact on AZN Exchange Rate
The results of the referendum in the UK to leave the European Union will have a serious impact on the world markets. Just look at the drop in rates of world currencies and oil prices.
All this will put pressure on the Azerbaijani manat, which will fall relative to world currencies.
Such an opinion on his Facebook page was expressed by the renowned economist Gubad Ibadoglu.
He also predicted the fall of the Russian ruble and Turkish lira against the US dollar. -03D-
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- Social
- 24 June 2016 15:06
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- Difficult question
- 24 June 2016 16:43
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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