Azerbaijan, Baku, Feb. 14 / Trend N. Ismayilova /
CBA conducted a sterilization of foreign currency tothe amount of $1,385.3 million in 2010, the intervention aimed at the sale was implementedthe previous year, the central bank said.
The demand for foreign currency decreasedcompared to the previous year.Thus, during the reporting period, the volume of foreign currency imported into the country decreased by 6.1 percent compared to 2009, and the volume of transactions on the currency exchange - by 3,2 percent.
The exchange rate of manat todollar was strengthened by 0.65 percentin 2010.
During the year the nominal effective exchange rate of manat strengthened towardsthe currencies of some trade partners of Azerbaijan. It cheapened towardsthe currencies of other countries. The dynamics of the nominal effective exchange rate of manat hadan impact on the change in the real effective exchange rate.
During the reporting period the manat cheapened bothinnominal and real terms towardsthe currencies of UkraineandKazakhstan. The manat strengthenedreally towards the currencies of Japan, Israel and China, and cheapened nominally.
During 2010 the nominal effective rate onnon-oil sector in the total turnover increased by 3,4 percent. It had a downward effect on inflation. The real effective rate onnon-oil sector was reduced by 4.8 percent.