Bank Of Baku

Cash euro exchange deals jump in Azerbaijan

Cash euro exchange deals jump in Azerbaijan
# 14 April 2009 15:51 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Cash euro exchange transactions amounted to €186 818 800 in Azerbaijan during January-February 2009, up 77% on the same period last year, said Central Bank of Azerbaijan.

“We buy” transactions accounted €11 058 400, leaving €175 760 400 to “we sell” transactions.

That is, cash euro purchase exceeded euro sale by 16 times in the bank system.
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