Banks' demand at currency auction increased by 23.5%

12:42 - 18.02.2025


February 18, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ reports, with reference to the CBA, that at the foreign exchange auction on February 18, the demand of banks amounted to $44.7 million and was fully secured.

This is $8.5 million (23.5%) more than at the last auction. On February 13, the CBA sold $36.2 million worth of currencies at a currency auction.

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