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USD operations decline 1.9-fold in Azerbaijan

08 December 2017 14:23 (UTC +04:00)

By contrast to January-October 2016, the currency market declined 1.8-fold in the reporting period of 2017, APA-Economics reports according to the statistics of the Central Bank.

In January-October 2017, the USD operations amounted to $2,631,927,700, down 1.9-fold from $ 5,015,849,100 in the reporting period of 2016. The USD operations made up $367,653,200 in October 2017, $413,075,900 in October of 2016.

In the reporting period of 2017, $202,513,900 was sold, down 20.2% from previous year. At the same time, $165,139,300 was bought, up 3.68% in comparison to a year earlier.

Compared to September, purchase of USD by banks increased by 0.53%, sale by 18.13% in October.

Euro operations amounted to EUR 538,771,200 in January-October 2017, down 1.4-fold from EUR 758,946,200 in 2016. In October 2017 the euro operations stood at EUR 119,079,200, up 2.1-fold from EUR 56,473,000 in October 2016.

In the reporting period of 2017, EUR 96,796,400 was sold, up 2.02-fold from previous year. At the same time, EUR 22,828,800 was bought, up 2.58-fold in comparison to a year earlier.

Compared to September, purchase of euro by banks increased by 8.23%, sale rose 1.99-fold in October.