Banks increase demand at foreign exchange auction by 61.4%

12:44 - 23.08.2022

August 23, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held a currency auction with the participation of the State Oil Fund.

The CBA informed that $48.9 million were sold at the currency auction on August 11, an increase of $18.6 million (61.39% from the previous auction.

“Demand from banks at the currency auction amounted to $48.9 million and was provided in full,” the CBA informed.

As a result of the auction, the weighted average manat rate formed at the level of 1.7000 AZN/USD.