Banks in Azerbaijan purchase nearly $ 1 bln. funds over the past 4 days

Banks in Azerbaijan purchase nearly $ 1 bln. funds over the past 4 days
# 13 March 2020 13:02 (UTC +04:00)

The requirement in currency auction held today in Central Bank of Azerbaijan with the attendance of State Oil Fund has constituted $ 265,2 mln by increasing $ 44,4 mln or 16,7% in comparison to the requirement of the previous day’s auction, CBA told APA-Economics.

During the auction, the requirements of banks to cash currency have also been ensured.

Note that this indicator has been 71,1% more in comparison to the requirement formed at the auction held on March 11.

Totally, CBA has sold currency worth at $ 964,2 mln to banks over the past four days.

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