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    Obligations of banks to CBA decrease

    Obligations of commercial banks decrease due to declining USD rate

    Baku. 11 April. REPORT.AZ/ Obligations of commercial banks operating in Azerbaijan to Central Bank of Azerbaijan (CBA) make 6 .83.9 mln AZN by March 1, 2017.

    Report informs referring to CBA, overall amount of obligations is down by 449.4 mln AZN or 6.58% in comparison with the same indicator on February 1 and by 41.4 mln AZN or 0.64% in comparison with figure on the same date of last year. Declining exchange rate of US dollar is considered a main reason of decrease in February.

    Notably, last four months feature downward trend of commercial banks’ obligations to CBA. Foreign obligations of commercial banks also decrease. 

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