Only $1.5 million sold at a currency auction in Azerbaijan

12:41 - 19.01.2023


January 19, 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, $1.5 million was sold at a foreign exchange auction on 19 January 2023.

"The demand from banks at the auction amounted to $1.5 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.

At the auction on 17 January, the Central Bank sold currencies for $18.7 million to banks.

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