Banks’ demand at currency auction has decreased

12:35 - 9.01.2025


 January 9th, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ informs, citing data from the Central Bank, that at the January 9 currency auction, banks' demand amounted to $72.6 million and was fully secured.

According to the CBA, this is $0.9 million (1.22%) less than at the last auction. On January 7, the CBA sold $73.5 million to banks at a currency auction.

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