Local banks buy $34M from CBA

The Central Bank of Azerbaijan (CBA) sold $33.6 million to 10 domestic banks through the auction Feb. 12, the CBA reported on February 12.

“The Bank put up for sale $200 million, but the total demand of banks for foreign currency amounted to only $33.6 million and it was fully met,” the statement said.”

The CBA holds auctions three times a week - on Monday, Wednesday and Friday.

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