Banks at currency auction increased demand by 73.5%

12:33 - 21.05.2024

May 21, 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 21, the demand of banks amounted to $77.9 million and was fully secured. This is $33 million (73.5%) more than at the last auction.

At a foreign exchange auction on May 16, the Central Bank sold $44.9 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.