USD Exceeds AZN 1.80 on Foreign Exchange Auction

On the foreign exchange auction of the Central Bank on Monday the dollar was AZN 1.8045, exceeding the previous rate by 2 gapik.

SOFAZ took part in the auction.

Note that according to the new rules of the auction, commercial banks are not allowed to sell currency.

After the abolition of the 4% margin commercial banks themselves determine the exchange rate for buying and selling.

As of January 16, the banks buy the dollar from the population in the range of 1.78-1.82 and sell it at AZN 1.86-1.89. -71D-

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