Banks reduced demand by 16.8% at currency auction

12:43 - 4.07.2024

July 4, 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 currency auction on July 4, the demand of banks amounted to $61.3 million and was fully secured. This is $12.4 million (16.8%) less than at the last auction.

At a foreign exchange auction on July 2, the Central Bank sold $73.7 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.