Banks’ demand at foreign exchange auction grew by 3.8%

12:51 - 15.10.2024


October 15, 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 October 15, at the currency auction, the demand of banks amounted to $82.7 million and was fully secured.

According to the CBA, this is $3 million (3.8%) more than at the last auction. At a foreign exchange auction on October 10, the CBA sold $79.7 million to banks.

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