12:20 - 20.12.2023

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December 20, Fineko/abc.az. This year, the Central Bank of Azerbaijan (CBA) bought $1.4 billion in the foreign exchange market.

ABC.AZ reports with reference to the CBA that as a result, the regulator's foreign exchange reserves increased by 20.3%, exceeding $10.8 billion.

"Due to the large surplus of the current account of the balance of payments ($6.7 billion or up to 12.5% of GDP in 9 months), demand exceeded supply at 95% of currency auctions held at the CBA since the beginning of the year," the CBA said.