Banks increased demand at currency auction by 81.6%

12:41 - 20.10.2022


October 20, Fineko/abc.az. The Central Bank of Azerbaijan has held a currency auction with the participation of the State Oil Fund.

According to the CBA, $53.2 million was sold at the foreign exchange auction on 20 October, which is $23.9 million (81.57%) more than at the last auction. At the auction on 18 October, the Central Bank sold $29.3 million of currency to banks.

"The demand from banks at the currency auction amounted to $53.2 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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