Azerbaijani banks’ demand at currency auction falls by 30%

13:57 - 5.05.2022

May 5, 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, $30.8 million was sold at today’s auction ($13.2 million or 30% less than at the last auction).

"The demand from banks at the currency auction amounted to $30.8 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.

Other news