Demand of banks at foreign exchange auction has increased

12:43 - 26.09.2024


September 26, 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 that on September 26, at the currency auction, the demand of banks reached $77.8 million and was fully secured.

According to the CBA, this is $2 million (2.64%) more than at the last auction. At a foreign exchange auction on September 24, the CBA sold $75.8 million to banks.

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