From December 21 to 25 Central Bank of Azerbaijan (CBA) has had a currency intervention at the interbank currency market to the amount of $300 million. Therefore, CBA’s currency resources were close to $5.1 billion.
Last week (before devaluation) CBA has sold currency to the amount of $493 million at the interbank currency market.
CBA has resumed the currency sales operations at the interbank currency market on December 8, 2015 after the Azerbaijan State Oil Fund has suspended the currency sales.
From December 8 to 11, 2015 CBA has sold $255 million at the interbank currency market. During the past two weeks the volumes of sales of CBA totaled $748 million.
Since September 1, 2014 CBA’s currency resources reduced by $10.2 billion.
