Dollar rising in price in Iran, Iranian goods entering Azerbaijan
of Iran national currency – rial lately USA devaluation again against the dollar Azerbaijan this also affected cross-border trade with its southern neighbor. Activity is observed in the border area. (Because of the violation of the nuclear agreement signed in 2015 USAimposing sanctions on Iran in recent years is observed by the continuous devaluation of the rial)
Every day, more passenger cars stop in front of the Astara border crossing than in previous months. Various goods are arranged in front of the shops located here.
“Now we can bring a lot of goods for less money”
The owner of one of the stores, who did not want to be named, said that the depreciation of the rial allowed them to bring more goods from Iran: “The last days Iran rial suddenly became cheaper. Iran 1 on the black market in Astara USA the dollar is 400 thousand rials. At the beginning of the month, it was 350-360 thousand rials. In addition to the dollar, Azerbaijan manat also increased. 1 manat was 240 thousand rials. Iran rial does not stay in one place, it loses its value every time. Now we can bring a lot of goods with little money.”
According to him, the devaluation of the rial also affected shopping: “Detergents were brought from Iran. We bought each 25-30 kopecks cheaper. Every day for a week, ordered goods arrive by truck. Iranians in the 90s To Azerbaijan they came and “swept” the shops. They took whatever came in front of them. Now they have such a situation. Merchants sell their goods in Astara, Iran, at a bargain price. There are fears that the rial will become cheaper. “There are merchants who close their shops until the rial stabilizes.”
“Not many buyers”
In another store, the entrepreneur claimed that the devaluation of the rial has not yet affected him. That entrepreneur stated that he has enough goods in the warehouse: “When their money depreciates, they close their stores out of fear. They try to sell the goods at the previous price. That is why many Iranian goods come to our side. There are three or four such wholesale places selling Iranian goods in Astara. It seems that Iranian merchants want their goods to be in a safe place.”
Continuing his words, he says that there is no problem in bringing goods from Iran: “You place an order today, it arrives in a day or two. Washing powders and food products also come from Iran. No problem. Not many buyers. Now Iranian goods are sold everywhere. I have traded 6 manats since morning. There are shop owners here who send goods to Baku and other places as soon as they arrive. In fact, we are crawling. If the border gates are opened, the trade will increase.”
The coronavirus pandemic 20 regarding20starting from February Azerbaijan movement on land borders with neighboring countries is restricted.
“Who’s lucky…”
Taxi drivers waiting for customers at the border are also suffering from low earnings complaint they do. They say that the rise of the US dollar in Iran does not concern them. One of the drivers emphasizes that fewer people leave Iran than before: “Ayda 10– 15 people go to this party. Whoever is lucky will have a profit that day. But some of us go to visit Iran. When they return, they prefer to use a taxi. Usually there are old people.”
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