Banks increase demand at currency auction

14:03 - 15.02.2022


February 15, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

The CBA informs that $41.7 million was sold at today’s auction ($5.6 million, or 15.51% more than in the previous auction).

"The demand from banks at the auction amounted to $41.7 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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