Banks increased demand at currency auction by 16.3%

12:49 - 17.02.2022

February 17, Fineko/abc.az. The Central Bank of Azerbaijan has held a currency auction with the participation of the State Oil Fund.

The CBA informs that $48.5 million was sold at today’s auction ($6.8 million, or 16.31% more than in the previous auction).

"The demand from banks at the currency auction amounted to $48.5 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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