Azerbaijani banks increase demand at currency auction by 14%

12:44 - 30.11.2023

November 30, Fineko/ 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 November 30, the demand of banks amounted to $77.8 million and was fully secured. This is $9.6 million, or 14% 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 28, the Central Bank sold $68.2 million to banks.

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