Banks increase demand at currency auction by 74.4%

12:50 - 28.11.2023


November 28, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, at the currency auction on November 28, the demand of banks amounted to $68.2 million and was fully secured. This is $29.1 million, or 74.4% more than at the last 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 November 23, the CBA sold $39.1 million to banks.

 

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