Central Bank sold $53.8 million to banks in currency auction


August 11, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, $53.8 million was sold to banks in the currency auction on 11 August.

"The demand from banks at the currency auction amounted to $53.8 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.