BAKU, Azerbaijan, February 4. Bid exceeded
demand in the currency market of Azerbaijan last year, Chairman of
the Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press
conference held today on the parameters of the interest rate
corridor, Trend
reports.
According to him, the average bid at an auction reached an
impressive $70 million, contrasted by a demand of $54 million.
"The same trend was observed in cash currency transactions of
individuals—$423 million was purchased by banks. This shows that
the population sold more currency than it bought. At the same time,
the CBA sold $400 million less currency at currency auctions
compared to the previous period," he added.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
