Azerbaijan, Baku / Trend / In March the course of USD decreased by 0.2% (from 0,8688 $1/AZN to 0,8671 $1/AZN) with regards to AZN. In March the average stock prices of the national currency amounted to 0,8679 AZN to the $1 and in February this indicator totaled 0,8697 AZN to the $1. Over the recent period, the stock prices of USD decreased by 4.62% in regard to AZN.
According to the expert of the Analytical Center of Trend , Leyla Abdullayeva, the decrease tendency of prices of USD will continue for several reasons. "If the military action begins in Iran, it will sharply increase the non-productive outlays of the USA which will lead to inflation and a further fall of the USD prices with regards to other currencies. In addition, not war itself, but expectations of it has already taken effect and will affect the prices of the USD in its fall," Abdullayeva said.
According to her, an increase in the prices of AZN will cause an inflow of the capital, cash currencies, as well as additional inflation pressure. "The fall in the prices of USD with regard to AZN is a negative factor in the production and adversely affects the stimulation of the export," Abdullayeva considers. The Azerbaijani entrepreneurs will incur permanent pressure on competitive ability. It is in the hands of the companies involved in importing commodities into the country. "Devaluation of the USD will also affect other markets. The demand for metal (including precious), oil, agricultural products, which are traded in USD has increased due to the fall of the American currency," Abdullayeva said.