Banks have increased demand at currency auction

12:37 - 7.11.2024


 November 7, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

As ABC reports.AZ with reference to the CBA data, on November 7, at the currency auction, the demand of banks amounted to $77.1 million and was fully secured.

According to the CBA, this is $7.8 million (11.26%) more than at the last auction. At a foreign exchange auction on November 5, the CBA sold $69.3 million to banks.

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