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Citrus Fruit Industry of Azerbaijan after Manat’s Devaluation

Muzaffar Abasov ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: citruc fruits; azerbaijan; manat's devaluation; azerbaijan economy (search for similar items in EconPapers)
JEL-codes: F13 Q02 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-agr, nep-cis and nep-cwa
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Handle: RePEc:pra:mprapa:78257