There is pressure on AZN and this process will continue at least until the next year, the economist Natig Jafarli said.
In an interview with Turan the expert noted that he is not waiting for sudden shocks, but before the end of the year through a soft devaluation the dollar will rise to 1.80-1.90 manat.
“The US Federal Reserve will certainly increase the interest rate, the oil began to fall in price last week, the import of products in connection with New Year holidays will be increased, and the number of people traveling on holidays will grow. All this creates a high demand for foreign currency,” he said.
According to him, the value of the manat after the New Year will depend on the processes in the world.
“It's hard to say how things will be after the New Year. But in 2016 the dollar will not stop the growth,” Jafarli said. --71B
Economics
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