Central Bank sold $44.7 million to banks in a currency auction

14:06 - 4.06.2020


June 4, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

According to the CBA, $44.7 million was sold to banks in the currency auction on 4 June.

"The demand from banks at the currency auction amounted to $44.7 million and was fully secured," the CBA said in a statement.

At the end of the auction, the average weighted exchange rate of the manat to the US dollar was AZN 1.70.

 

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