Demand at foreign exchange auction grew 3.8-fold

12:57 - 9.02.2023

February 9, Fineko/ The Central Bank of Azerbaijan has held a foreign exchange auction with the participation of the State Oil Fund.

According to the CBA, at the currency auction on 9 February, the demand of banks amounted to $56.7 million and was fully secured. This is $41.9 million or 3.8 times more than at the previous auction.

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 a foreign exchange auction on 7 February, the CBA sold $14.8 million to banks.