12:45 - 30.05.2024

---

May 30, 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 May 30, the demand of banks amounted to $110.5 million and was fully secured. This is $40.9 million (58.8%) more than at the last auction.

At a foreign exchange auction on May 23, the CBA sold $69.6 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.

According to the CBA, the relatively high demand is conditioned by accumulated demand in connection with the fact that the auction was not held on schedule because of a non-working day.