Banks increased demand at currency auction 7-fold

12:36 - 13.06.2023


June 13, 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 foreign exchange auction on June 13, the demand of banks amounted to $ 10.6 million and was fully secured. This is $9.1 million or 7-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 June 8, the Central Bank sold $1.5 million to banks.