Banks’ demand at currency auction drops by 8.2%

12:36 - 16.04.2024

April 16, 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 currency auction on April 16, the demand of banks amounted to $72.4 million and was fully secured. This is $6.5 million (8.2%) less than at the last auction.

At a foreign exchange auction on April 9, the CBA sold $78.9 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.