Banks at the currency auction increased demand by 10.2%

12:47 - 18.04.2024

April 18, 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 April 18, the demand of banks amounted to $79.8 million and was fully secured. This is $7.4 million (10.2%) more than at the last auction.

At a foreign exchange auction on April 16, the CBA sold $72.4 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.