Azerbaijani banks purchase more than $6 billion dollars of currency at auctions this year
In January-October 2024, Azerbaijani banks purchased currency worth $6,116.8 million at auctions held jointly by the Central Bank and the State Oil Fund. This was reported by the Central Bank.
According to the data, it is up by 2.15 times from the same period of 2023.
Only in October, the purchase of currency by banks amounted to $738.7 million, which is up by 2.5 times from a year ago.
Finance
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The Central Bank of Azerbaijan (CBA) has issued mandatory instructions to 'Cibpay', 'PulPal' and 'MAX Sistemleri Plus' in accordance with the Law on 'Payment Services and Payment Systems'.This is reported on the Central Bank's website.
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Branches and outlets of banks of Azerbaijan, as well as branches of 'Azərpoçt’ company of the Ministry of Digital Development and Transport and currency exchange offices will work on non-working days from 30 December to 5 January.This was reported in the Central Bank of Azerbaijan.
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Investment company 'ABB-Invest', a subsidiary of state-owned International Bank of Azerbaijan, has purchased state bonds of Turkey.This was announced by chairman of the board of the National Depository Centre (NDC) Agahuseyn Khudaverdiyev on December 28.
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In January-November 2024, Azerbaijani banks concluded 3,365 deals in national currency for AZN 94.4 billion on 'Bloomberg' platform.
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