Azerbaijan’s Central Bank calls on the population not to believe speculative information about exchange rates, which may occur in the days of the New Year's holiday.
In the press release CBA states that, in accordance with the declared policy of the new exchange rate, based on the supply and demand, the USD exchange rate for January 5 is defined in 1.5610 manat.
It also reported that during the pre-New Year trading the needs of banks are satisfied with sufficient volumes of currency.
The CBA statement was released in the afternoon, after the Baku exchangers announced the new exchange rate in the morning: purchase - 1.6 AZN per 1 dollar, sales - 1.7 AZN per USD, according to Turan. This is contrary to the CBA regulatory requirements, which allow for the sale and purchase of foreign currency by banks within two percent of the officially announced course. Thus, the rate at banks and exchange offices should be within the following limit: purchase - 1.5610 manat and sale – 1.597 manat per US dollar. -0-
Economics
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