Unsecured demand of commercial banks in today's auction makes 75%

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.