Central Bank to purchase 30 mln USD on market

Sharp exchange rate of AZN/USD at the auction is not expected

Baku. 4 April. REPORT.AZ/ Today, April 4, Central Bank of Azerbaijan (CBA) intends to buy at the next regular foreign exchange auction 30 mln. USD.

Report informs, the CBA will carry out the first manat interventions in the foreign exchange market for 14 months from the date of the beginning of the devaluation of the national currency.

Notably, the CBA allegedly plans to stabilize rapidly the strengthening of manat exchange rate by buying dollars from commercial banks at today's auction. Sharp exchange rate  of AZN/USD at the auction is not expected.

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