Banks increased demand at foreign exchange auction by 9.3%

12:44 - 28.11.2024


 November 28, 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 that on November 28, at the currency auction, the demand of banks amounted to $80.1 million and was fully secured.

According to the CBA, this is $6.8 million (9.3%) more than at the last auction. At a foreign exchange auction on November 26, the CBA sold $73.3 million to banks.

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