Banks increased demand by 11.24% at currency auction

12:33 - 10.12.2024


December 10, Fineko/abc.az. The Central Bank of Azerbaijan, with participation of the State Oil Fund, has conducted a currency auction.

ABC.AZ reports with reference to the CBA data that on December 10, at the currency auction, the demand of banks amounted to $65.3 million and was fully secured.

According to the CBA, this is $6.6 million (11.24%) more than at the last auction. At a foreign exchange auction on December 5, the CBA sold $58.7 million to banks.

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