Bank Of Baku

Azerbaijani people increases sale of euro cash

Azerbaijani people increases sale of euro cash
# 13 June 2011 14:05 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. In January-April, 2011, volume of euro cash sold by Azerbaijani population via banks made €55.971 mln, purchase stood at €317.441 mln. CBA says that in January-March of 2011, volume of sale rose 3.4 times, but purchase decreased by 7.9%.

Increase of cash euro sale in Azerbaijan is related with its rate. That is, euro’s exchange rate against manat has increased by 11%.
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