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.

URL: http://www.today.az/news/business/27507.html

Print version

Views: 1690

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail:

See Also