Banks at currency auction increased demand by 36%

12:39 - 15.03.2022

March 15, Fineko/abc.az. The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

According to the CBA, $74.3 million was sold at today’s auction ($19.7 million, or 36% more than in the previous auction).

"The demand from banks at the auction amounted to $74.3 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.