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CBA bought $122M on foreign exchange market in 8 months
Finance
- 20 September, 2023
- 08:37
In January-August 2023, the intervention of the Central Bank of Azerbaijan (CBA) in the foreign exchange market stood at $122 million, Report informs referring to the bank.
At 99% of foreign exchange auctions held by the CBA over eight months, supply exceeded demand.
In January-February of this year, at joint foreign currency auctions of the Central Bank and the State Oil Fund of the Republic of Azerbaijan (SOFAZ), foreign currencies worth $2.295 billion were sold.
In August alone, foreign currency sales amounted to $452 million, which is 2.6% more than a year ago.
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