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Azerbaijani banks triple US dollar purchases

Finance Materials 4 June 2021 12:06 (UTC +04:00)
Azerbaijani banks triple US dollar purchases

BAKU, Azerbaijan, June 4

By Zeyni Jafarov - Trend:

Banks in Azerbaijan purchased over $130.6 million in April 2021, which is 3.1 times more compared to the same month of 2020, Trend reports citing a statistical report from the Central Bank (CBA).

Reportedly, the banks sold $130 million in April 2021, which is 57.3 percent less compared to April 2020,

“Moreover, Azerbaijani banks purchased 543,700 British pounds, increase of 3.5 times on annual basis. At the same time, banks sold 777,000 pounds, increase of 15.1 percent over the year,” the CBA said.

Banks purchased 5.67 million euros during this period (increase of 41.9 percent on annual basis), and sold over 18.5 million euros (increase of 3.5 times).

In April 2021, banks also purchased over 1.26 billion Russian rubles, which is 2.3 times more compared to April 2020, and sold 187.5 million Russian rubles (increase of 10.7 percent over the year).

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