Banks’ demand at currency auction declined by 2.5%

14:47 - 25.01.2024

January 25, Fineko/abc.az. The Central Bank of Azerbaijan, with the participation of the State Oil Fund, held a currency auction.

According to the CBA, at the currency auction on January 25, the demand of banks amounted to $42.8 million and was fully secured. This is $1.1 million or 2.51% less than at the last auction.

At a foreign exchange auction on January 23, the Central Bank sold $43.9 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.