Demand at currency auction fell by 23%

13:14 - 8.02.2024


February 8, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

According to the CBA, at the foreign exchange auction on February 8, the demand of banks amounted to $61.4 million and was fully secured. This is $18.3 million, or 23% less than at the last auction.

At a foreign exchange auction on February 6, the CBA sold $79.7 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.