Banks increase demand at currency auction

12:52 - 27.04.2023


April 27, Fineko/abc.az. The Central Bank of Azerbaijan has held a currency auction with the participation of the State Oil Fund.

According to the CBA, at the currency auction on April 27, the demand of banks amounted to $31.8 million and was fully secured ($5.4 million or 20.45% more 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.

At a foreign exchange auction on April 25, the CBA sold $26.4 million to banks.