Banks increase demand at currency auction by 10.5%

12:37 - 13.09.2022


September 13, 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, $48.4 million was sold at a foreign exchange auction on September 13. This is $4.6 million (10.5%) more than at the last auction.

"The demand from banks at the currency auction amounted to $48.4 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.

Other news