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    Currency market in Azerbaijan: Why the national currency is losing its value?

    Development, Center for Economic and Social | December 2016
    Abstract
    It has already been three month since the national currency of the Republic of Azerbaijan continuously loses its value. Since the second half of 2014, due to the fall in oil prices on the world markets, the resulting pressure on the national currency – ‘Manat’ is ongoing nowadays. Overall, Manat lost 49.6% of its value in 2015 and in addition, with more 3% depreciation in the first 7 months of 2016, the losses could reach 52.6%. Although the occurring rapid dollarization and the observed stagnation in the business environment especially in imports in the first months of 2015 and 2016 resulted in short-term reduction in foreign exchange demand in March-May period of this year and strengthening the exchange rate of USD/AZN at the level of 1.49, the process of depreciation proceeded again afterwards. As a result, the national currency increased its annual losses to the level of 3% in June-July, by depreciating 7% against the US dollar again.
    Citation
    Development, Center for Economic and Social. 2016. Currency market in Azerbaijan: Why the national currency is losing its value?. © Center for Economic and Social Development. http://hdl.handle.net/11540/6683.
    Keywords
    International Financial Market
    Multilateral Financial Institutions
    Economic Recession
    Market
    Crisis
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Pension Funds
    Mutual Funds
    Social Equity
    Financial Aspects
    Fiscal Policy
    Public Financial Management
    Financial System
    Financial Statistics
    Financial Stability
    Financial Management System
    Financial Restructuring
    Capital Market Development
    Erosion
    Market Development
    Economics
    Erosion
    International Economics
    Macroeconomic
    Macroeconomic Analysis
    Performance Evaluation
    Impact Evaluation
    Business recessions
    Multilateral development banks
    Regulatory reform
    Capital
    Exports
    Economic development projects
    Economic policy
    Economic forecasting
    Pension plans
    Individual retirement accounts
    Employee pension trusts
    Investment management
    Investments
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/6683
    Metadata
    Show full item record
    Thumbnail
    Currency-Depreciation.pdf (610.6Kb)
    Author
    Development, Center for Economic and Social
    Theme
    Finance
    Economics

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    Copyright 2016-2020 Asian Development Bank Institute, except as explicitly marked otherwise