Banks' demand grew by 4.2% at currency auction

12:58 - 11.02.2025


February 11, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ informs, with reference to the CBA, that at the foreign exchange auction on February 11, the demand of banks amounted to $56.8 million and was fully secured.

This is $2.3 million (4.22%) more than at the last auction. On February 6, the CBA sold $54.5 million worth of currencies at a currency auction.

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