Report: Exchange rate of USD sale increases again

Report: Exchange rate of USD sale increases again Central Bank of the Republic of Azerbaijan did not hold auction on currency sale today
Finance
January 6, 2016 15:40
Report: Exchange rate of USD sale increases again

Baku. 6 January. REPORT.AZ/ Today Central Bank of Azerbaijan Republic (CBAR) suspended currency auction, held at 11:30 a.m. Baku time as usual.

Report informs, before these auctions had been held at 15:30 p.m. Baku time.

However, in the first half of the day, buying and selling operations in currency exchange offices located in the center of Baku city conducted by 1,62-1,64 AZN/USD exchange rate accordingly, at present exchange rate rose to 1,67-1,70 AZN/USD in some exchange offices, purchase price was stable.

Analytical Group of Report News Agency believes, if CBAR does not hold currency auction in the second half of the day (at 15:30), increase of cash USD exchange rate may be supposed in internal market. 

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