Demand at currency auction increased by 22.2%

12:34 - 5.12.2023

December 5, Fineko/ The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

According to the CBA, at the foreign exchange auction on December 5, the demand of banks amounted to $95.1 million and was fully secured. This is $17.3 million, or 22.2% 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 30, the CBA sold $77.8 million to banks.

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