Azerbaijan, Baku, August 2 /Trend, A. Akhundov /
In the first half-year, the Central Bank of Azerbaijan (CBA) carried out the sterilization $1.3 billion worth of currency, CBA Deputy Chairman Khagani Abdullayev said at a press conference on Friday.
"In order to maintain the exchange rate of the manat, we purchased $1.3 billion in currency in the first half of the year. During this period, the proposal on the foreign exchange market exceeded demand, which was driven by export growth and the formation of a large surplus," Abdullayev said.
In 2012, the Central Bank directed $1.584 billion for the purchase of currency.