Demand exceeded supply for 12 times at today's currency auction

Baku. 16 August. REPORT.AZ/ Demand of the commercial banks for US-dollars has exceeded actual supply about for 12 times at today's currency auction ofthe State Oil Fundof Azerbaijan Republic (SOFAZ), Report was told at the banking circles.

According to the information, the banks intended to buy over 600 mln USD at the auction. As a result, 50 mln USD, auctioned by SOFAZ, have been sold to 27 banks in full.