Demand at currency auction increased by 76.6%

12:43 - 23.05.2023

May 23, Fineko/ The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

According to the CBA, at the currency auction on May 23, the demand of banks amounted to $33.9 million and was fully secured. This is $14.7 million or 76.6% more 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 18, the Central Bank sold $19.2 million to banks.