Banks reduced demand by 25.34% at currency market

14:40 - 31.10.2024


October 31, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ with reference to the CBA, on October 31, at the currency auction, the demand of banks amounted to $66.0 million and was fully secured.

According to the CBA, this is $22.4 million (25.34%) less than at the last auction. At a foreign exchange auction on October 29, the CBA sold $88.4 million to banks.

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