Reason for CBA’s ending 2018 on loss revealed

Namig Huseynov
Author

In 2018, the Central Bank of Azerbaijan (CBA) did not need SOFAZ transfers to ensure macroeconomic stability, Report informs citing the Bank.

In 2017 SOFAZ transfers amounted to AZN 3,949,485,000 and it ended 2018 on AZN 60.316 million in loss, in contrast to AZN 3,513,453,000 in profit by results of 2017.

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