CBA sterilizes $1.3 bln in first half-year

CBA sterilizes $1.3 bln in first half-year
# 02 August 2013 10:42 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Central Bank of Azerbaijan has sterilized $1.3 bln in the first half of 2013, said the Deputy Chairman of Central Bank Khagani Abdullayev.

Abdullayev says this is related to exceeding of currency supply the currency demand at the market due to large sum of surplus in the balance of payment.

Note that as a result of sterilization operations, the exchange rate of manta against dollar remained stable.

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THE OPERATION IS BEING PERFORMED