Demand of Azerbaijani banks at Central Bank's currency auction fully met

Demand of Azerbaijani banks at Central Bank's currency auction fully met

The Central Bank of Azerbaijan (CBA) held a foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ), during which Azerbaijani banks acquired $60.5 million, Trend reports citing CBA.

According to CBA, demand from the banks at the auction decreased by 4.1 percent or by $2.6 million compared to the previous auction.

Considering the number of days remaining before the next scheduled auction, as well as with the aim of ensuring uninterrupted currency trading by the banks, the demand of banks at the auction will be fully provided during weekends.

The first foreign exchange auction in a long time was held with the participation of SOFAZ on March 10, 2020, during which Azerbaijani banks acquired $323.2 million.

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