In January-May 2023, the purchase of US dollars in cash by Azerbaijani banks exceeded sales, which was the first such case since 2018.
This was reported by the Central Bank of Azerbaijan (CBA).
The report says that the positive balance of payments manifested in the foreign exchange market. Over 5 months, at 98% of currency auctions held in the CBA with the participation of the State Oil Fund, the demand was lower than supply
Source: Turan News Agency