Bank Of Baku

Azerbaijani people rush to U.S. dollar

Azerbaijani people rush to U.S. dollar
# 12 November 2008 11:56 (UTC +04:00)
This figure accounts for 95% of the 2007 full-year figure.
The “we buy” transactions accounted for $1 131 822 900 of the total dollar exchange transactions, leaving $3 132 278 000 to “we sell” transactions.
The “we sell” transactions exceeded the “we buy” transactions by 2.8 times in January-September.
In general, the dollar sale consistently went beyond the dollar purchase in recent years.
The “we sell” transactions in the nine months last year exceeded the “we buy” transactions by 2.6 times.


In September, the US dollar sale reached a historical high of $542.6 million in the country.
This shows that the population prefers the US dollar as a means of savings because cash payments for goods are carried out in the national currency.
This gives every reason to forecast that deposits in the US dollar will soon prevail in the banks.
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