Population increases dollar sale

Population increases dollar sale
# 05 April 2011 14:28 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The dollar sale by population via the commercial banks amounted $ 206 500 000 in January-February, 2011, up 35% from year ago. The sold dollar by banks amounted $ 877 000, 15.8 9.8% compared with a year ago.

According to Ekonomist magazine’s experts, there are some causes of this dynamic. Some of them are related to direct investments, others – population’s activity in currency situations. Thus, the price rise of oil has increased the dollar inflow to the country. This influenced the currency market, positively. This factor increased the cash flow to the economy and caused reviving in trade, real estate and other spheres.

Besides, decrease of dollar against manat has influenced the market. Because of this tendency has decreased the population’s belief to dollar.
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