CBA sees seasonal growth in currency demand

The Central Bank of Azerbaijan considers it seasonal for banks to reach record levels of demand at currency auctions. This is stated in a statement of the CBA. It is worth recalling that at the auction held on 13 February, the demand amounted to $151.1 million and was fully satisfied. "The increase in the demand is seasonal. It is mainly due to the implementation of a number of government projects and the demand for imports from the...

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