Demand drops by 3% at currency auction

12:38 - 23.04.2024

April 23, 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 23, the demand of banks amounted to $77.4 million and was fully secured. This is $2.4 million (3%) less than at the last auction.

At a foreign exchange auction on April 18, the CBA sold $79.8 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.