Banks at currency auction reduced demand by 34%

15:01 - 14.06.2022

June 14, Fineko/abc.az. The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

According to the CBA, $22.1 million was sold at a foreign exchange auction on 14 June ($11.3 million, or 33.83% less than in the previous auction).

"The demand from banks at the currency auction amounted to $22.1 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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