Demand falls by 1.25% at currency auction

12:40 - 20.02.2024

February 20, Fineko/ The Central Bank of Azerbaijan, with the participation of the State Oil Fund, held a currency auction.

According to the CBA, at the foreign exchange auction on February 20, the demand of banks amounted to $102.6 million and was fully secured. This is $1.3 million or 1.25% less than at the last auction.

At a foreign exchange auction on February 15, the CBA sold $103.9 million to banks.

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

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