CBA chairman: SOFAZ reserves reached $140 million

Tural Ibadli
Post's author

“Currency market is now balanced. We observed an increase in demand for both cash and non-cash currency only in January,” said the head of Central Bank of Azerbaijan Elman Rustamov.

“But then the stability was restored. SOFAZ saved up to $ 140 million in sales. The CBA does not currently receive currency from the market,” he added.

Latest news

Belgian Embassy: ‘We witnessed incredible cooperation at COP29’ 23 November, 2024 / 08:18
NATO Secretary General to visit Türkiye 23 November, 2024 / 08:08
Promised air defence systems now in Ukraine's hands, Canadian minister says 22 November, 2024 / 20:58
At least 12 people shot dead in Afghanistan 22 November, 2024 / 20:55
Police carry out controlled explosion near US Embassy in London 22 November, 2024 / 20:51
Azerbaijan’s gas export to reach 12 countries, says Energy Minister 22 November, 2024 / 20:46
Turkish vessel begins oil, gas exploration off Somali coast 22 November, 2024 / 20:40
Czech Republic on track to end Russian oil supplies from July 2025 22 November, 2024 / 20:39
ASCO considers retrofitting ships for methanol fuel transition by 2030 22 November, 2024 / 20:29
4 Italian peacekeepers injured in rocket attack on UNIFIL base in southern Lebanon 22 November, 2024 / 20:11
Baku Stock Exchange meets with J.P. Morgan to explore co-op opportunities 22 November, 2024 / 20:01
Leyla Aliyeva participates in tree-planting campaign in Baku 22 November, 2024 / 19:50
More aid workers killed in 2024 than in any other year, UN says 22 November, 2024 / 19:44
ASCO aligns operations with sustainable dev’t principles in ecological aspects 22 November, 2024 / 19:33
Ilham Aliyev addresses letter to participants of 12th General Assembly of ICAPP 22 November, 2024 / 19:23