Banks’ demand increased by 5.14% at currency auction

16:10 - 17.12.2024


December 17, 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 December 17, at the currency auction, the demand of banks amounted to $73.6 million and was fully secured.

According to the CBA, this is $3.6 million (5.14%) more than at the last auction. At a foreign exchange auction on December 12, the CBA sold $70 million to banks.

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