Banks increased demand at currency auction by 20%


August 9, Fineko/ The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

According to the CBA, $46.1 million was sold at today’s auction ($7.8 million or 20.37% more than in the previous auction).

"The demand from banks at the currency auction amounted to $46.1 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.