Baku / 14.08.18 / Turan: The depreciation of the national currencies of Russia, Turkey and Iran, caused by US sanctions, will affect Azerbaijan. However, Baku has reserves to prevent the outflow of dominance from the country and prevent the manat from depopulating in the short term, said Vahid Ahmedov, a member of the Azerbaijani parliament, in an interview with Voice of America. The above-mentioned countries are major trading partners of Azerbaijan. So, with Turkey and Russia the volume of mutual trade reaches 2 billion dollars, with Iran - 300 million dollars. In these countries there are Azerbaijani investments, and they have investments in Azerbaijan.
It is difficult to predict what will be the consequences of the sanctions, but they have already led to a sharp depreciation of national currencies. Attempts to take countermeasures and even abandon the dollar in mutual trade may take several years, the deputy believes. Ahmedov believes that American sanctions will have a certain influence on the countries of the South Caucasus.
In the first couple of months, due to internal reserves, it will be possible to maintain the exchange rate of national currencies. However, later it will become more difficult. At the same time, the depreciation of the currencies of neighboring countries can positively affect the consumer market of Azerbaijan. That is, Azerbaijani entrepreneurs can buy goods there at low prices, if these countries do not impose restrictions on exports.
If the falling currencies of neighboring countries continue, Azerbaijan will be able to keep the manat rate from internal reserves until the end of the year. High oil prices allow to have a positive balance of import-export operations. The Central Bank controls the money supply and the main issue for today is to prevent the outflow of currency abroad, the deputy noted. In his view, sanctions can not last long and these countries will go to negotiations with the US and the EU.
Azerbaijan invested about $ 20 billion in investments in Turkey, a $ 500 million loan was provided to Iran for the construction of the North-South railway. Therefore, investments in these countries should be preserved, Ahmadov believes. -03D06-
Politics
-
On November 14, a debate took place in the German Bundestag discussing the "horrific" human rights situation in Azerbaijan and COP29. Following the discussions, members of the Bundestag called on the Azerbaijani authorities to release political prisoners, including Gubad Ibadoglu, Anar Mammadli, Samir Ashurov, and all others detained for political reasons. The debate was initiated by Member of Parliament Frank Schwabe. In his speech, Schwabe emphasized that the COP29 conference was being held in Baku against the backdrop of severe human rights violations.
-
The short film “Fragments”, by Iqbal Abilov, a Talysh researcher arrested in Azerbaijan, was shown on November 14 at the Madrid Indie Film Festival (MADRIFF) in the capital of Spain. The film was presented by the author's cousin, renowned stand-up comedian Idrak Mirzali-zadeh, who read a letter from Abilov to the festival participants. In the message, Abilov expressed gratitude to everyone who helped make the project possible. He also thanked those who continue to support him during his arrest due to his scientific and public activities. "I hope that justice will prevail soon, my innocence will be proven, and once I am released, I will come to Madrid and watch all the films at the festival," Abilov stated.
-
On November 15, a telephone conversation took place between Russian President Vladimir Putin spoke and the Azerbaijani President Ilham Aliyev, the Kremlin's press service reported. The two leaders discussed the "practical implementation of a number of mutually beneficial projects in the fields of industrial cooperation and transportation." The mutual interest in further comprehensive development of Russian-Azerbaijani strategic partnership and alliance was confirmed. It was agreed to continue contacts at various levels, according to the statement.
-
Eco-activists from different countries held another action on the territory of the COP29 climate conference in Baku on Friday.
Leave a review