Banks lower demand at currency auction by 16.3%

12:44 - 20.09.2022


September 20, 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, $32.3 million was sold at today’s auction, which is $6.3 million (16.32%) less than at the last auction.

"The demand from banks at the currency auction amounted to $32.3 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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