Banks purchase $51 million at foreign exchange auction

12:31 - 31.08.2023


August 31, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held a currency auction with participation of the State Oil Fund.

The CBA informs that at the currency auction on August 31, the demand of banks amounted to $51.0 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 1.7000 AZN/USD.

At the foreign exchange auction on August 29, the CBA sold $58.9 million to banks.