In Azerbaijan, the purchase of US dollars by banks has exceeded sales for the first time since 2018. According to the Central Bank (CBA), in the first five months of this year, 98 percent of foreign exchange auctions held by the central bank saw demand lower than supply. The nominal effective rate of the Azerbaijani manat has strengthened by 8.4 percent in 2022 and by 5.1 percent in the first five months of 2023.Experts note that the exchange rat...

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