Banks demand for US-dollar sharply increases

Cavid Əzimov
Post's author

Baku. 9 June. REPORT.AZ/ The State Oil Fund of Azerbaijan Republic (SOFAZ) in today's auction put up for sale 50 million USD.

Report was told in banking circles, at today's auction, actual demand by commercial banks exceeded supply by 10 times and reached 500 mln USD.

Notably, the official exchange rate for today was defined at 1,5084 USD/AZN. In cash currency market, the dollar sale price is likely to be exceeded 1.53 AZN/USD. 

The official exchange rate is expected to increase until next foreign currency auction on June 14.

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