Banks lower demand by 7.6% at currency auction

12:46 - 28.12.2021


December 28, 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, $120.9 million was sold at today’s auction ($10 million or 7.64% less than at the last auction).

"The demand from banks at the auction amounted to $120.9 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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