Banks in Azerbaijan increase demand by 26% at currency auction

13:00 - 3.02.2022


February 3, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

According to the CBA, $64 million was sold at today’s auction ($13.2 million, or 26% more than in the previous auction).

"The demand from banks at the currency auction amounted to $64 million and was fully secured," the CBA said in a statement.

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.