12:53 - 7.12.2023

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December 5, Fineko/abc.az. The Central Bank of Azerbaijan, with the participation of the State Oil Fund, has held a currency auction.

According to the CBA, at the foreign exchange auction on December 7, the demand of banks amounted to $44.8 million and was fully secured. This is $50.3 million, or 2.1-fold 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 December 5, the CBA sold $95.1 million to banks.