Banks increase their foreign exchange earnings by 47%

12:31 - 22.11.2023


November 22, Fineko/abc.az. Azerbaijani banks bought US dollars at an average of 1.6946 manats, and sold at 1.7021 manats for Jan-Sept 2023, ABC.AZ reports, referring to the CBA Monetary Policy Review.

Thus, banks received 75 cents of income for every 100 dollars of purchase and sale (47.1% more versus Jan-Sept 2022).

A year ago, banks bought dollars at 1.6972 manats and sold them at 1.7023 manats, receiving 51 cents of income from buying and selling for every 100 dollars.