BAKU, Azerbaijan, February 1. The lack of demand at the last foreign exchange auctions of Azerbaijan's Central Bank (CBA) is related to the launch of the interbank currency market platform, said Governor of the CBA Taleh Kazimov during the press conference dedicated to the changes in interest rate, Trend reports.
According to him, Azerbaijani banks have started selling and buying currency via the mentioned platform since January 9th.
"With the help of this platform, a bank with a foreign currency deficit can cover it, while a bank with a surplus can sell it," he added.
On January 31, the regulator held another currency auction with the participation of the State Oil Fund (SOFAZ). The demand at the auction amounted to $29.5 million and was fully satisfied.
At the currency auction held on January 24, banks did not submit applications for the purchase of foreign currency.