Central Bank sold $56.6 million to banks


July 14, 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, $56.6 million was sold to banks at the currency auction on 14 July.

"The demand from banks in the currency auction amounted to $56.6 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.