12:40 - 7.03.2023

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March 7, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, at the foreign exchange auction on March 7, the demand of banks amounted to $44.8 million and was fully secured. This is $6.9 million or 13.35% 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 March 2, the CBA sold $51.7 million to banks.