Demand at currency auction decreased by 20%

13:18 - 15.09.2022

September 15, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, $38.6 million was sold at today’s auction ($9.8 million, or 20.25% less than in the previous auction).

"The demand from banks at the currency auction amounted to $38.6 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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