Demand at currency auction fell by 25.5%

12:41 - 21.01.2025


January 21, 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 21 currency auction, banks' demand amounted to $53.2 million and was fully secured.

According to the CBA, this is $18.2 million (25.5%) less than at the last auction. On January 16, the CBA sold $71.4 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.