Banks bought about $60 million at foreign exchange auction

12:28 - 22.08.2023

August 22, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) with the participation of the State Oil Fund has held a currency auction.

The CBA informs that at the currency auction on August 22, the demand of banks amounted to $59.9 million and was met in full.

As a result of the currency auction, the weighted average rate of the manat formed at the level of 1.7000AZN/USD.

At the foreign exchange auction on August 17, the CBA sold $41.3 million to banks.