Banks acquired $99.9 million at a currency auction


December 7, Fineko/ The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, $99.9 million was sold to banks at today’s auction, which is by $800,000 or 0.79% less than at the last auction.

"The demand from banks at the auction amounted to $99.9 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.