Demand has increased at currency auction in Azerbaijan


January 18, Fineko/ The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

The CBA informs that $116.4 million was sold at today’s auction ($19.5 million, or 20.12% more than in the previous auction).

"The demand from banks at the auction amounted to $116.4 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.