Demand of banks at currency auction decreased by 13%

12:41 - 22.06.2023


June 22, 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 June 22, the demand of banks amounted to $ 20.5 million and was fully secured. This is $3.1 million or 13.14% 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.

At a foreign exchange auction on June 20, the Central Bank sold $23.6 million to banks.