Banks again reduce demand at currency auction


October 6, Fineko/ The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

According to the CBA, $30.5 million was sold at the currency auction on 6 October, which is $6.6 million (17.79%) less than at the last auction.

"The demand from banks at the currency auction amounted to $30.5 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.