Demand at currency auction decreased by 38%

12:47 - 18.04.2023


April 18, 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 18, the demand of banks amounted to $19.2 million and was fully secured. This is $11.7 million (37.86%) 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 13, the CBA sold $30.9 million to banks.