Banks increased demand at currency auction

13:00 - 21.11.2024


November 21, 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 data, on November 21, at the currency auction, the demand of banks amounted to $74.60 million and was fully secured.

According to the CBA, this is $1.6 million (2.19%) more than at the last auction. At a foreign exchange auction on November 19, the Central Bank sold $73.0 million to banks.

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