Banks lower demand at currency auction by 21.2%

12:44 - 23.11.2023


November 23, Fineko/abc.az. The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

According to the CBA, at the currency auction on November 23, the demand of banks amounted to $39.1 million and was fully secured ($10.5 million, or 21.2% 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 AZN/USD.

At a foreign exchange auction on November 21, the CBA sold $49.6 million to banks.