The dollar is depreciating against most basket currencies. The euro is also strengthening against the US dollar.
The statement came from economist, MP Vugar Bayramov, Qadin.Net reports quoting publika.az.
According to him, the single European currency is being exchanged against the dollar at the highest rate in the last two years: "Currently, the euro-dollar exchange rate is approaching the psychological level of 1.20."
The MP said that the decline in the dollar began to accelerate after the speech of the chairman of the US Federal Reserve (Fed) Jerome Powell at the Jackson Hole Symposium on August 27 this year. the target indicator will be used. This means that the Fed will no longer use the symmetric indicator. The weakening of the dollar has also affected the gold market. The precious metal, which gained 24 percent in value over the past month, rose another 2 percent today. Of course, all this does not mean that the dollar will fall sharply.
Bayramov stressed that the weakening of the dollar in the global market should not mean the strengthening of the Azerbaijani national currency against the US currency.
NEWS TAPE
Record coronavirus infection in Azerbaijan: Seven people died
The height of the wave in the Caspian Sea has reached 5 meters - ACTUAL WEATHER
Apricot diet and tea to help lose weight
Erdogan recited a poem by Ahmad Javad - VIDEO
Pashkina's chief adviser admits that Azerbaijani civilians were deliberately beaten - VIDEO
Celebrities to take part in Survivor 2021 contest in Turkey have been announced - PHOTO
Turkish and Russian Defense Ministers discussed the Nagorno-Karabakh conflict
The President signed a new decree
He slept with a cobra in his pants for seven hours
Cafes and restaurants are closing - OFFICIAL
The liberated Khandak and Muradkhanli villages of Gubadli - VIDEO REPORT
Dilgam Asgarov: "Azerbaijani books remained in Shusha prison"
Our soldier, who survived the burning tank: "I wanted to see my face when I reached the trench, but ..." - VIDEO
The age at which children coronavirus is most severe has been announced
Eight more people died of coronavirus in Azerbaijan during the day: a new infection was registered
The world's ocean level has reached a critical level: 16 million people are in danger
The influx will start in the capital next month, and the prices of rented apartments ... - Expert ANNOUNCED
A passenger plane crashed in India, 191 people ...
Support to the army from female residents of Hajialibay village of Khachmaz - VIDEO
Another 40 people died of coronavirus in Azerbaijan: 4189 new infections
The driver lost control, the car crashed into the attraction - ANBAAN VIDEO
Tymoshenko has contracted a coronavirus and is in critical condition
Armenians from a number of countries came to Nagorno-Karabakh to fight
New entrance table of Lachin region
Coronavirus paralysis - a shocking statement from scientists
The enemy shells the villages of Tartar - OFFICIAL
Attitude of the UN to the agreement on Karabakh
A fighter wounded in the battles of Shusha was greeted with enthusiasm in Zagatala - VIDEO
Cristiano Ronaldo has been named the best footballer of the 21st century
The famous couple signed a contract with Netflix
VIDEO REPORTAGE from Sugovushan village
Foreigners also celebrate Azerbaijan's victory - VIDEO
Shakira introduced her designs
It has been announced that Donald Trump is taking part in the talks on Nagorno-Karabakh
Ilham Aliyev: "16 more villages were liberated from occupation"
Another disturbing situation in the recently "frozen" Caspian Sea - STATEMENT from the Ministry
Alternative clothing for the business world
A new jubilee medal has been established in Azerbaijan - PHOTO
Ebru Şahin surprised everyone-PHOTO
Do not dry your hair with a towel
Disaster awaits Europe in autumn - WHO FORECAST
STATEMENT on the resumption of large shopping centers
Armenia has created a terrorist organization in our occupied territories - OFFICIAL
STATEMENT from the doctor about Bahram Bagirzade's condition
Our way is to Shusha - VIDEO
2021 "Disco" style
10 ways to determine if butter is natural
A new method of treating COVID-19 has been approved in 30 countries
The United States will develop space systems that will be better protected from hackers
Quick and easy eggplant pickle (photo-recipe)