Bank Of Baku

Azerbaijan sees 12% growth in currency market

Azerbaijan sees 12% growth in currency market
# 07 June 2011 13:10 (UTC +04:00)
CBA has consumed $156.6 mln-net purchase in currency markets, during the same period.

Total volume of domestic currency market rose 12.3% to AZN 6,030.5 mln in first quarter, compared to a year ago.

The conducted operations in unorganized currency market, Open Interbanks Currency Exchange (OICEX) and Bank Exchange Transactions rose 10.4%. 78.2% of unorganized currency market concerned to operations in BET. Organized interbanks currency market rose 1.8 times to AZN 263.9 mln and made 4.4% of domestic currency market.
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