Demand drops by 31.2% at currency auction

12:42 - 15.02.2024


February 15, 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 February 15, the demand of banks amounted to $103.9 million and was fully secured. This is $47.2 million or 31.2% less than at the last auction.

At a foreign exchange auction on February 13, the CBA sold $151.1 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.