Banks’ demand at currency auction decreased by 7.8%

12:42 - 4.04.2023


April 4, 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 currency auction on 4 April the demand of banks amounted to $60.3 million and was fully secured. This is $5.1 million or 7.80% less than at the previous 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.

The CBA sold $65.4 million to banks at a foreign exchange auction on 30 March.