Banks acquired almost $45 million at a foreign exchange auction

12:34 - 16.05.2024

May 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 May 16, the demand of banks amounted to $44.9 million and was fully secured. This is $62.2 million (58%) less than at the last auction.

At a foreign exchange auction on May 14, the CBA sold $107.1 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.