Central Bank sells $59.1 million to banks in currency auction


August 6, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has held a currency auction with the participation of the State Oil Fund.

According to the CBA, $59.1 million was sold to banks at the currency auction on August 6.

"The demand from banks at the currency auction amounted to $59.1 million and was fully secured," the CBA said in a statement.

Following the auction, the average weighted exchange rate of the manat to the US dollar was $1.70.