Banks increase demand at currency auction by 27.8%

12:54 - 23.12.2021

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

According to the CBA, $130.9 million was sold at today’s auction ($28.5 million or 27.83% more than in the previous auction).

"The demand from banks at the currency auction amounted to $130.9 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.

 

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