Banks’ demand at foreign exchange auction has increased

12:45 - 20.06.2024

June 20, 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 June 20, the demand of banks amounted to $88.5 million and was fully secured. This is $13.4 million (17.8%) more than at the last auction.

At a foreign exchange auction on June 13, the Central Bank sold $75.1 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.