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Azerbaijan Reports Significant Growth In REPO And Bloomberg Trading In 2024
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 9. Azerbaijani banks
executed 3,761 transactions totaling 101.8 billion manat ($59.8
billion) in national currency on the Bloomberg platform in
2024.
Data obtained by Trend from the Central Bank (CBA) indicates that 97 percent of these transactions had a duration of one to three days.
Additionally, in the interbank REPO market, banks signed 723 agreements worth 11.5 billion manat ($6.7 billion).
Compared to 2023, the volume of transactions on the Bloomberg platform increased by 3.3 times, while operations in the interbank REPO market grew by 2.5 times.
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