Central Bank sold $53.1 million to banks


July 2, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

The CBA reports $53.1 million was sold to banks in today’s currency auction.

"The demand from banks at the currency auction amounted to $53.1 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.