Demand at currency auction increased 2.5-fold

12:46 - 13.02.2024

February 13, 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 13, the demand of banks amounted to $151.1 million and was fully secured. This is $89.7 million, or 2.46 times more than at the last auction.

At a foreign exchange auction on February 8, the Central Bank sold $61.4 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.