Munich Personal RePEc Archive

Citrus Fruit Industry of Azerbaijan after Manat’s Devaluation

Abasov, Muzaffar (2016): Citrus Fruit Industry of Azerbaijan after Manat’s Devaluation.

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Abstract

Azerbaijan implemented two significant devaluations in 2015 decreasing AZN’s rate against USD from 0.78 to 1.55. Considering the favorable situation after AZN’s devaluation, it is now cheaper to increase local production, especially agricultural products. Additionally, as a result of tensions between Russia and Turkey, there is a huge vacant market for agricultural goods in Russia which is a good opportunity for Azerbaijan to export. Citrus fruits are one of them. Considering possible options we recommend government to take policy decisions offered in paper.

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