12:55 - 8.07.2022

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July 8, Fineko/abc.az. The euro fell by 10% after the outbreak of hostilities in Ukraine, falling more than by 19% over the past year. Obviously, instability in the currency markets continues, ABC.AZ reports, citing MP Vugar Bayramov.

He noted that the global economic downturn and fluctuations, including volatility in the markets, will continue in the coming months.

"If the Russian-Ukrainian war continues, the threat of a global crisis will increase. The world is entering a difficult economic phase," the MP thinks.