Banks’ demand at foreign exchange auction fell by 19%

13:41 - 3.09.2024


September 3, 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 September 3, the demand of banks amounted to $64.9 million and was fully secured. This is $15.5 million (19.3%) less than at the last auction.

At a foreign exchange auction on August 29, the Central Bank sold $80.4 million to banks.

According to the results of the currency auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.