Unsecured demand of commercial banks in today's auction makes 75%
Finance
- 09 March, 2016
- 08:53
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Baku. 9 March. REPORT.AZ/ Current demand of commercial banks at today's regular currency auction exceeds proposal of the State Oil Fund of Azerbaijan Republic (SOFAZ) about 4-fold.
Report informs, SOFAZ put up for sale 50 million USD, while the total demand of commercial banks amounted to approximately 200 million USD. As a result, at the end of the auction demand is provided by approximately 25%.
Notably, transactions were carried out at the rate of 1,6309 AZN/USD, so on March 10, official exchange rate established at least at this point.
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