Banks’ demand at foreign exchange auction drops by 24.3%

12:43 - 23.01.2024


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

The CBA informs that at the foreign exchange auction on January 23, the demand of banks amounted to $43.9 million and was fully provided. This is $14.1 million or 24.31% less than at the last auction.

At a foreign exchange auction on January 18, the CBA sold $58 million to banks.

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