Azerbaijani Economy 30 april — 13:13

Elman Rustamov: Azerbaijan's foreign exchange market remains stable


Since the beginning of the year, only in January there was an increase in demand for foreign currency, but in general, the foreign exchange market in Azerbaijan remains stable. Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov said this at a press-conference.

According to him, the increased demand was observed for both cash and non-cash currency.

'In the following months, the balance was restored. The State Oil Fund of the country saved $140 million,' said the head of the CBA, stressing that there is no deficit in the foreign exchange market, but, on the contrary, there is a surplus.

'We are interested in the sale of the currency put up for auction,' said the head of the Central Bank.

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