12:44 - 27.02.2025

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February 27, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), with the participation of the State Oil Fund, has held a currency auction.

ABC.AZ reports, with reference to the Central Bank, that at a foreign exchange auction on February 27, banks' demand amounted to $28.6 million and was fully secured.

This is $23.8 million (45.4%) less than at the last auction. It should be noted that at the currency auction on February 25, the demand amounted to $52.4 million.

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

In February 2025, banks purchased $365.1 million at currency auctions, which is 58.06% less than in February 2024.