Azeri manat climbs 0.15% over US dollar

The average weighted exchange rate was AZN 0.8697/USD1 while it was AZN 0.8716/USD1 in January. The exchange rate of the national currency against the dollar jumped 5.01% from a year earlier.

124 deals were closed at 40 trading sessions held at currency department of Baku Interbank Currency Exchange (BICEX) during February. The auctions were attended by 24 banks and deals of AZN 108.395m ($124.635m) were concluded in total, up 2.8 times from the same period last year.

Five banks- International Bank of Azerbaijan (36.58%), Bank Standard (23.08%), Azerigazbank (13.11%), Yapi Kredi (9.09%) and UniBank (4.82%) came ahead for the amount of deals. APA-Economics