Azerbaijan’s currency market down by 9%

In the first quarter of this year, transactions worth $7.8 billion were carried out in the currency market of Azerbaijan, down 9% compared to a year ago, Report informs, citing the Central Bank.

Of the quarterly transactions, $6.8 billion were non-cash, and $1 billion were in cash, approximately 8% and 20% less than a year ago, respectively.

Some 80.6% of non-cash transactions and 83.1% of cash transactions were in US dollars, while 19.4% and 16.9%, respectively, were in other currencies.

During the year, the net sale of foreign currency in the country decreased by 6 times.