Banks’ demand at currency auction declined by 33.9%

14:27 - 11.06.2024


June 11, 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 June 11, the demand of banks amounted to $ 64.5 million and was fully secured. This is $33 million (33.9%) less than at the last auction.

At a foreign exchange auction on June 6, the Central Bank sold $97.5 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.