28 January 2021 18:50 (UTC+04:00)
The Central Financial institution of Azerbaijan (CBA) bought $61.8 million to the native banks on the overseas alternate public sale held with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on January 28, 2021, Trend reviews citing the nation’s CBA.
The demand from banks on the public sale decreased by 11.5 p.c in comparison with the earlier indicator and was totally met.
On the finish of the public sale, the weighted common price of the manat to the US greenback amounted to 1.7 AZN / USD.
The primary overseas alternate public sale for a very long time was held with the participation of SOFAZ on March 10, 2020, throughout which Azerbaijani banks bought $323.2 million.
The CBA started to conduct forex auctions via a one-way sale of forex in a aggressive setting from mid-January 2017.
A call was made in March 2020 to carry extraordinary forex auctions as a result of elevated demand of the inhabitants for overseas forex amid the failure of the OPEC + deal, which led to a pointy drop in oil costs.
Observe us on Twitter @AzerNewsAz