Banks reduced demand by 23.3% at currency auction

12:43 - 1.08.2024


August 1, Fineko/abc.az. 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 August 1, the demand of banks amounted to $ 60.3 million and was fully secured. This is $18.3 million (23.3%) less than at the last auction.

At a foreign exchange auction on July 30, the CBA sold $78.6 million to banks.

According to the results of the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.