Banks acquired $64.6 million at a currency auction

12:51 - 12.10.2021


October 12, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

According to the CBA, $64.6 million was sold to banks at today’s auction ($2.5 million or 3.73% less than in the previous auction).

"The demand from banks at the currency auction amounted to $64.6 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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