Banks’ demand at currency auction grew by 5.4%

12:33 - 22.02.2024

February 22, Fineko/ The Central Bank of Azerbaijan, with the participation of the State Oil Fund, has conducted a currency auction.

According to the CBA, at the foreign exchange auction on February 22, the demand of banks amounted to $108.1 million and was fully secured. This is $5.5 million or 5.36% more than at the last auction.

At a foreign exchange auction on February 20, the CBA sold $102.6 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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