Demand for dollar fell sharply in currency auction

Tomorrow's official exchange rate expected to rise to 1.6444 AZN/USD

Baku. 8 September. REPORT.AZ/ Demand for US-dollar at today's auction carried out by the State Oil Fund of Azerbaijan (SOFAZ) and Central Bank of Azerbaijan Republic (CBA) was 330-340 mln USD. 

Report informs referring to the banking circles.

However, currency put up for sale at auction was a bit less - 300 mln USD. 200 mln USD put by SOFAZ, 100 mln. USD - CBA.

Demand of commercial banks was met with a deficit of about 10-13 % and all of these funds were sold. The upper limit of the exchange rate of the US dollar was 1.6444 AZN/USD.

Compared to the previous auctions, commercial banks' demand for dollar fell by about two times.

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

All news