Banks lower demand at today’s currency auction


September 29, Fineko/ The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

According to the CBA, $56.6 million was sold at today’s foreign exchange auction, which is $0.4 million (0.70%) less than at the last auction.

"The demand from banks at the auction amounted to $56.6 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.