Banks increased demand at currency auction

12:40 - 24.12.2024


December 24, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, held a currency auction.

ABC.AZ informs, citing data from the Central Bank, that on December 24, at a currency auction, banks' demand amounted to $76.8 million and was fully secured.

According to the CBA, this is $0.8 million (1.05%) more than at the last auction. On December 19, the CBA sold $76.0 million to banks at a currency auction.

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