Banks at currency auction increase demand

12:57 - 16.06.2022


June 16, Fineko/abc.az. The Central Bank of Azerbaijan has held a currency auction with the participation of the State Oil Fund.

According to the CBA, $23.7 million was sold today’s auction ($1.6 million or 7.24% more than in the previous auction).

"The demand from banks at the currency auction amounted to $23.7 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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