On FX auction

12-03-2020

The Central Bank held an auction on 12 March 2020 with the participation of the State Oil Fund. Demand of banks was fully satisfied at the auction, in light of the number of days left until the next scheduled auction and in order to maintain uninterrupted foreign currency sales over the weekend. Demand at the auction was $220,8 M, down by $102,4 M or 32% compared to the demand at the scheduled 10 March 2020 auction.

Average weighted exchange rate of the manat at the auction was 1,7000.