Euro exchange deals double in Azerbaijan

Euro exchange deals double in Azerbaijan
# 05 December 2008 09:42 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Cash exchange transactions in the euro totaled €691 794 100 during January-October, up 2.04 times on a year ago.
The euro trade during ten months of this year exceeded the amount of the 2007 full year by 26.3%.
“We sell” transactions rose 95% to €604 016 700 and “we buy” transactions jumped 4.6 times to €51 777 400.
The sales transaction exceeded purchase transactions by 11.7 times.



Buying more euro is related to the unorganized foreign trade. Most imports, including some foodstuffs, cars, clothing, cosmetics and other non-food products are purchased from the eurozone.
These products are chiefly imported by sole traders who buy euro in Azerbaijan and go to Europe to buy goods.
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THE OPERATION IS BEING PERFORMED