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USD/AZN Rate May Decrease up to AZN 0.80: Azerbaijani MP

Business Materials 22 October 2007 18:28 (UTC +04:00)

Azerbaijan, Baku /corr. Trend U.Ismaylova / The exchange rate of the USD in relevant to AZN will decrease up to AZN 0.80 by the end of the year, said Azerbaijani MP, member of Azerbaijan Parliament's Economic Policy Commission, Vahid Ahmadov, said on 22 October.

According to the data by the National Bank of Azerbaijan, on 22 October the exchange rate of USD/AZN made up AZN 0.8499 against AZN 0.85 on 20 November.

According to the parliamentarian, the fall in the exchange rate of USD/AZN will cause the rapid increase in the internal consumer market of the Country.

"It needs to implement a State-regulated internal market in order to eliminate the facts of impact of dollar fall on the consumer market," Ahmadov said.

The 2008 Public budget of Azerbaijan reflects the USD/AZN exchange rate at AZN 0.81.

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