12:40 - 5.03.2024

---

March 5, 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 March 5, the demand of banks amounted to $68.9 million and was fully secured. This is $11.1 million, or 14% less than at the last auction.

At a foreign exchange auction on February 29, the CBA sold $80 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.