Banks in Azerbaijan lowered demand by 1.3% at a currency auction

12:51 - 23.01.2025


 January 23, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ reports, citing data from the Central Bank, that at the January 23 currency auction, banks' demand amounted to $52.5 million and was fully secured.

According to the CBA, this is $0.7 million (1.3%) less than at the last auction. On January 21, the Central Bank sold $53.2 million to banks at a currency auction.

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