Since the beginning of the year, only in January, an increase in demand for foreign currency was noted, but in general, the foreign exchange market of Azerbaijan remains stable. This at a press conference said Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov.
According to him, elevated demand was observed both in cash and on cashless currency.
“In the following months, the balance was restored. The country’s state oil fund saved $ 140 million,” said the head of the Cabin.
Rustamov stressed that the currency market does not observe a deficit, and vice versa, the surplus is noted.
“We are interested in the fact that the currency, withdrawn to the auction, was sold,” said the head of the Central Bank.