Azerbaijani banks increased demand at currency auction

12:35 - 9.07.2024


July 9, 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 9, the demand of banks amounted to $75.3 million and was fully secured. This is $14 million (22.84%) more than at the last auction.

At a foreign exchange auction on July 4, the CBA sold $61.3 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.