Bank Of Baku

Azerbaijan sees 2.2 times rise in euro transactions

Azerbaijan sees 2.2 times rise in euro transactions
# 16 September 2008 16:17 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Transactions in euro totaled to €2 898 682 300 in Azerbaijan’s domestic market during January-July, said the National Bank of Azerbaijan.
Exchange transactions accounted for the bulk of the euro deals. Exchange deals made €1 797 196 600 in total.
The figures were not so high in other segments, such as €7 567 000 in electronic exchange trade system and €1 093 918 700 in open inter-bank currency market.
The share of euro fell to 18.5% on the domestic market from 18.9% last year.
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