Banks reduce demand at currency auction by 6.4%

13:08 - 14.02.2023

February 14, Fineko/abc.az. The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

According to the CBA, at today’s currency auction, the demand of banks amounted to $53.1 million and was fully secured. This is $3.6 million (6.4%) less than at the last auction.

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

At a foreign exchange auction on 9 February, the CBA sold $56.7 million to banks.