Demand at currency auction has increased


January 25, Fineko/ The Central Bank of Azerbaijan has held a currency auction with the participation of the State Oil Fund.

According to the CBA, $102.5 million was sold at today’s auction, which is $2.8 million (2.81%) more than at the previous auction.

"The demand from banks at the auction amounted to $102.5 million and was fully secured," the CBA said in a statement.

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.