Demand for dollar drops more than 24% in currency auction

Kanan Sadigov
Author

The Central Bank of Azerbaijan (CBA) has held a currency auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ), Report informs citing CBA.

Report informs, citing the Bank, that the demand at the auction was $ 30.9million, down $9.8 million or 24.1% from June 11.

The average weighted interest rate of manat is 1.7000 AZN/USD.

Other News

CBA currency exchange rates (30.09.2026) 30 September, 2026 / 09:14
Key indicators of world commodity, stock, and currency markets (30.09.2026) 30 September, 2026 / 09:06
AIIB president: Azerbaijan making significant contribution to development of sustainable infrastructure 29 September, 2026 / 17:48
AIIB to hold 12th annual meeting in Azerbaijan in 2027 29 September, 2026 / 17:21
CAREC program attracts $60.2 billion in investments over 25 years 29 September, 2026 / 12:28
Azerbaijan, Standard Chartered Bank mull prospects for further co-op 29 September, 2026 / 12:18
Value of BSTDB disbursements for projects in Azerbaijan reaches nearly €700M 29 September, 2026 / 10:39
CBA currency exchange rates (29.09.2026) 29 September, 2026 / 09:46
Key indicators of world commodity, stock, and currency markets (29.09.2026) 29 September, 2026 / 09:17
Azerbaijan, AIIB discuss support for green energy development 28 September, 2026 / 18:16
Azerbaijan represented at AIIB Annual Meeting 28 September, 2026 / 16:38
CBA and Citigroup discuss foreign exchange reserve management 28 September, 2026 / 11:50
CBA currency exchange rates (28.09.2026) 28 September, 2026 / 09:18
Ilham Aliyev: Azerbaijan's external debt is at a very low level, could be reduced to zero in one day 26 September, 2026 / 09:37
Taleh Kazimov: Azerbaijan's banking sector risk profile improves 25 September, 2026 / 17:58
CBA: Azerbaijan's strategic reserves cover 41 months of imports 25 September, 2026 / 17:56
Azerbaijan allocated 25B manats over last 6 years for reconstruction of liberated territories, finance minister says 25 September, 2026 / 17:47
Azerbaijan focuses on attracting foreign investment for economic diversification, CBA governor says 25 September, 2026 / 17:41
Azerbaijan aims to expand $16B cooperation portfolio with IFIs 25 September, 2026 / 17:37
Azerbaijan's economy demonstrates stable growth, finance minister says 25 September, 2026 / 17:19