Bank Of Baku

Cash euro transaction rises in Azerbaijan

Cash euro transaction rises in Azerbaijan
# 01 February 2011 11:59 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based banks reported €105.070 for “we buy” transactions and €1 017.936 for “we sell” transactions in euro for 2011, rose by 65.1% and 38%, compared to a year ago, said the Central Bank of Azerbaijan.

Experts of Ekonomist magazine told APA-Economics that, increase of interest in cash euro transaction is related to extension of retail trade operations with Eurozone. Besides, changing of exchange rate of euro has increased its using as investment tool and this influence on increase of turnover.
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