Demand at currency auction grew by 4.5%

12:57 - 16.01.2025

 January 16, 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, citing data from the Central Bank, that at the January 16 currency auction, banks' demand amounted to $71.4 million and was fully secured.

According to the CBA, this is $3.1 million (4.5%) more than at the last auction. On January 14, the CBA sold $68.3 million to banks at a currency auction.

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