Central Bank's $1.4 Billion Forex Intervention Amidst Azerbaijan's Robust Current Account Surplus

The Central Bank of Azerbaijan (CBA) has executed a substantial intervention in the foreign exchange market this year, amounting to $1.4 billion, according to official statements from the institution. Against the backdrop of Azerbaijan's remarkable current account surplus, reaching $6.7 billion or 12.5% of GDP in the first nine months of the year, the CBA's interventions have consistently resulted in a surplus of supply over demand, marki...

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