Banks increased demand by 27% at currency auction

12:48 - 17.09.2024


September 17, 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 foreign exchange auction on September 17, banks’ demand amounted to $69.18 million and was fully secured. This is $14.73 million (27%) more than at the last auction.

At a foreign exchange auction on September 12, the CBA sold $54.45 million to banks.

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