Banks acquired $57 million at today’s currency auction


September 27, Fineko/ The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, $57 million was sold at today’s auction, which is $11.3 million (24.73%) more than at the last auction.

"The demand from banks at the currency auction amounted to $57 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.