TODAY.AZ / Business

Azerbaijani National Bank made $16.7mln influence to the currency market

22 June 2006 [08:58] - TODAY.AZ
In January-March Azerbaijani National Bank made influence on rate of manat by regulating supply and demand in the currency market.

This influence was of buying character and constituted US$16.7mln.

APA reports that in comparison with the beginning of the year currency reserve in the bank rose 6.74% (or $961.71mln) to $1.26.56 in the end of the first quarter.

In this period $15.04mln was expended to repay the credits and interest rates of IMF. So, relative rise constitutes $79.89mln.


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