Banks’ demand at currency auction increased by 22%

12:28 - 9.04.2024

April 9, Fineko/ The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, has held a currency auction.

According to the CBA, at the foreign exchange auction on April 9, the demand of banks amounted to $78.9 million and was fully secured. This is $14.4 million (22.33%) more than at the last auction.

At a foreign exchange auction on April 4, the CBA sold $64.5 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.

It is noted that since Thursday is a non-working day this week, the next currency auction will be held on Tuesday, April 16.