Demand at currency auction fell by 27%

12:38 - 18.05.2023

May 18, Fineko/ The Central Bank of Azerbaijan held a currency auction with participation of the State Oil Fund.

According to the CBA, at the currency auction on May 18, the demand of banks amounted to $19.2 million and was fully secured. This is $7.1 million or 27% less than at the last 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 currency auction on May 16, the Central Bank sold $26.3 million to banks.