On Foreign Exchange Auction US Dollar Exceeds AZN 1.76

The US dollar rose again on the foreign exchange auction of the country's Central Bank.

The auction began with a rate of 1.7575 and ended at 1.7620 manat per US dollar.

Since mid-October, the dollar has been steadily increasing. Most commercial banks refuse to sell foreign currency to the population.

In the black market the US dollar exchange rate stands at 10-12 kopecks higher than the official rate. -71D-

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