12:45 - 25.05.2023

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May 25, Fineko/abc.az. The Central Bank of Azerbaijan has held a currency auction with participation of the State Oil Fund.

According to the CBA, at the currency auction on May 25, the demand of banks amounted to $35.8 million and was fully secured. This is $1.9 million or 5.6% more than in the previous auction.

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

At a foreign exchange auction on May 23, the CBA sold $33.9 million to banks.