Banks’ demand at foreign exchange auction grew by 8.3%

12:33 - 10.10.2024


October 10, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ reports with reference to the CBA that on October 10, at the currency auction, the demand of banks reached $79.7 million and was fully secured.

According to the CBA, this is $6.1 million (8.3%) more than at the last auction. At a foreign exchange auction on October 8, the CBA sold $73.6 million to banks.

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.