Banks reduced demand by 15% at currency auction

12:54 - 26.07.2022

July 26, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, $15.8 million was sold at today’s auction ($2.8 million or 15.05% less than in the previous auction).

"The demand from banks at the currency auction amounted to $15.8 million and was fully secured," the CBA said in a statement.

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

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