Demand at currency auction decreased by 7.8%

12:38 - 11.04.2023


April 11, 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 April 11, the demand of banks amounted to $27.3 million and was fully secured. This is $2.3 million (7.77%) 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 April 6, the CBA sold $29.6 million to banks.