Demand at currency auction has tripled

12:41 - 20.04.2023


April 20, 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 20, the demand of banks amounted to $60.5 million and was fully secured. This is $41.3 million or 3-fold more 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 18, the CBA sold $19.2 million to banks.