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Azerbaijani Central Bank conducted a $1.7 billion currency sterilisation

Business Materials 4 November 2013 14:54 (UTC +04:00)
The Azerbaijani Central Bank (CBA) conducted a currency intervention to the sum of $1.7 billion in the first 10 months of 2013.

Azerbaijan, Baku, November 4/Trend, A.Akhundov/

The Azerbaijani Central Bank (CBA) conducted a currency intervention to the sum of $1.7 billion in the first 10 months of 2013, Deputy Chairman of the Azerbaijani Central Bank, Khagani Abdullayev told Trend on Monday.

According to him, the prognosis for the year end is estimated at the level of $2-2.5 billion.

As of late October, the currency reserves held by the Central Bank increased by 16.2 per cent or $1889.3 billion since early 2013 and amounted to $13584.1 billion.

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