13:30 - 5.12.2024

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December 5, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, has held a currency auction.

ABC.AZ reports with reference to the CBA that on December 3, at the currency auction, the demand of banks amounted to $58.7 million and was fully secured.

According to the CBA, this is $13.1 million (18.25%) less than at the last auction. At a foreign exchange auction on December 3, the CBA sold $71.8 million to banks.

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