Banks reduced demand by 10.8% at currency auction

12:49 - 24.09.2024


September 24, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ reports with reference to the CBA, on September 24 that at the currency auction, the demand of banks reached $75.8 million and was fully secured.

According to the CBA, this is $9.2 million (10.82%) less than at the last auction. At a foreign exchange auction on September 19, the Central Bank sold $85 million to banks.

Following the currency auction, the weighted average exchange rate was 1.7000 AZN/USD.