Bank Of Baku

Azerbaijan's demand for dollars decreased by 38% in 2022

Azerbaijan
# 27 July 2023 13:06 (UTC +04:00)

USD 272,8 mln of amount has been sold in the currency auctions carried out by the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and Central Bank of Azerbaijan (CBA) in July of 2023, APA-Economics reports.

According to APA's calculations, this figure has increased by 28,5% in comparison to the corresponding figure of previous year.

In the first half of 2023, a total of USD 1 bln. 843.9 mln. were sold, which is 37.5% less compared to the relevant period of 2022.

 

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