Banks double demand at currency auction

12:47 - 2.08.2022

August 2, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

According to the CBA, $66.6 million was sold at a foreign exchange auction on 2 August ($35.6 million, or 2.15-fold more than in the previous auction).

"The demand from banks at the currency auction amounted to $66.6 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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