Banks’ demand at currency auction grew by 1.7%

12:40 - 28.03.2024


March 28, 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 foreign exchange auction on March 28, the demand of banks amounted to $94.6 million and was fully secured. This is $1.6 million (1.7%) more than at the last auction.

At a foreign exchange auction on March 19, the CBA sold $93.0 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.