Banks acquired $74.8 million at a currency auction


October 26, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, $74.8 million was sold to banks at today’s auction (by $24.2 million or 47.83% more than at the previous auction).

"The demand from banks at the auction amounted to $74.8 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.