The demand from banks at the auction was fully met despite a decrease by 3.1 percent compared to the previous indicator.
At the end of the auction, the weighted average rate of the manat to the US dollar amounted to 1.7 AZN / USD.
The first foreign exchange auction for a long time was held with the participation of SOFAZ on March 10, 2020, during which Azerbaijani banks purchased $323.2 million.
The CBA began to conduct currency auctions through a one-way sale of currency in a competitive environment from mid-January 2017.
A decision was made in March 2020 to hold extraordinary currency auctions due to the increased demand of the population for foreign currency amid the failure of the OPEC + deal, which led to a sharp drop in oil prices.
