Demand at currency auction decreased by 35%


October 4, Fineko/ The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, $37.1 million was sold at the currency auction on 4 October, which is $19.5 million (34.45%) less than at the last auction.

"The demand from banks at the currency auction amounted to $37.1 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.