Bank Of Baku

Azerbaijan sees twofold rise in cashless currency market

Azerbaijan sees twofold rise in cashless currency market
# 07 November 2008 13:32 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Azerbaijan’s domestic cashless currency market reached AZN 22 116 809 100 during January-September, twice as much as the same period last year.
The National Bank of Azerbaijan said the none-month figure exceeds the full year of 2007.
The highest growth was marked in July this year.




Transactions in the US dollar ($19 550 039 300) account for the bulk of the cashless market turnover.
Transaction in the 15-nation currency euro was €4 120 893 000, deals in the pound sterling made ₤26 907 300 and operation in the Russian ruble made 21 828 421 200 rubles.


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