Central Bank sold $73.3 million to banks at a currency auction


September 17, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

The CBA reports that it sold $73.3 million to the banks at a currency auction on 17 September.

"The demand from banks at the auction amounted to $73.3 million and was fully met," the CBA said.

As a result of the auction, the weighted average exchange rate of the manat to the US dollar was AZN 1.70.