Banks’ demand at foreign exchange auction grew by 3.26%

15:45 - 19.12.2024


December 19, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ informs with reference to the CBA that on December 19, at the currency auction, the demand of banks amounted to $76.0 million and was fully secured.

According to the CBA, this is $2.4 million (3.26%) more than at the last auction. At a foreign exchange auction on December 17, the CBA sold $73.6 million to banks.

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