USD transactions decline 33.5% - Central Bank

USD transactions decline 33.5% - Central Bank
# 18 May 2017 09:10 (UTC +04:00)

In the first quarter of 2017, the currency operations in USD declined 33.5%, in EUR – increased 5.7% compared to a year earlier, said the Central Bank’s Monetary Policy Review for January-March 2017.

In the reporting period, 82.2% of operations were carried out in USD, 17.8% in other currencies.

Decline in volume of currency market was also observed in cash foreign currency market. Cash currency sale by banks slid two-fold from $147 million in 2016 to $77 million this year.

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THE OPERATION IS BEING PERFORMED