In the foreign exchange auction of the Central Bank on January 25, the dollar rose sharply, reaching AZN 1.9052. That is, the US dollar exchange rate increased immediately by 4.93 kopecks or 2.6%.
Recall that on the January 23 auction the dollar was AZN 1.8559.
Note that this is one of the most abrupt jumps of the dollar at auction. Prior to this, the maximum increase at auction amounted to 2 kopecks.
At the 1.9052 USD rate, commercial banks will also increase the rate of sale and purchase from 1.86-1.93 manat to 1.91 – 1.98 manat per US dollar. EUR will also accordingly rise against the manat. -71D-
Economics
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