Banks’ demand at currency auction decreased by 36.3%

12:47 - 13.02.2025


February 13, 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 Central Bank, that at the foreign exchange auction on February 13, banks' demand amounted to $36.2 million and was fully secured.

This is $20.6 million (36.3%) less than at the last auction. On February 11, the Central Bank sold $56.8 million worth of currencies at a currency auction.

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